Russian company dumps Heinaste
Russian company dumps Heinaste

Russian company dumps Heinaste

Herma Prinsloo
Samherji's plans to sell the Heinaste fishing vessel to a Russian-linked company fell through following the vessel's seizure by the Namibian police last week.

The vessel was due to leave Namibian territorial waters last Friday for South Korea but was impounded by the police following the conclusion of a court trial that found the vessel was caught fishing in restricted waters.

Its captain, Icelandic national Arngrímur Brynjólfsson, was last week found guilty of fishing in a protected zone and fined N$900 000 or 12 years' imprisonment.

“Previously, the owners of the [Heinaste] vessel had entered into an agreement with Russian buyers to sell the vessel to them. The vessel was due to be delivered in South Korea. The Russian buyers decided that they did not wish to go through with the sale following her initial detention. The owners have accepted this and sale is cancelled,” Samherji spokesperson Margrét Ólafsdóttir said.

Heinaste's owners said they were now looking to charter the vessel to locals following job losses.

Samherji CEO Björgólfur Jóhannsson also questioned why the vessel was seized despite the conclusion of the magistrate court case.

“Samherji is concerned that the Namibian Police deliberately ignored the court order and refused to return the ship's papers to the owner, as the court ordered it to do,” said Jóhannsson.

The company indicated that it would challenge the vessel's seizure.

“Only a convicted person can have their assets seized under Namibian law. The owner of the Heinaste has not been charged, let alone convicted, of any offence. Previously, the group had stated it was pleased that a case concerning Heinaste and its captain was finally resolved in the Magistrate's Court of Walvis Bay,” said Jóhannsson.





“Although the State applied for the forfeiture of the vessel, the court refused to grant a forfeiture order, finding that it was not proven that the owner of the vessel, Heinaste Investments, in which Samherji indirectly holds a controlling interest, did not take all reasonable steps to prevent the vessel from being used illegally. The presiding magistrate thus ordered the State to return the vessel's papers to the owner,” Jóhannsson added.



Police spokesperson Deputy Commissioner Kauna Shikwambi was contacted last week about the seizure of the Heinaste, while another query was sent regarding the claims by Samherji's CEO. Both queries went unanswered at the time of going to print.



Samherji has started the process of divesting from Namibia while the Anti-Corruption Commission is trying to have its assets attached for its involvement in a corruption scandal that has rocked the nation.



The company is alleged to have paid bribes for lucrative fishing quotas. The scandal has cost former fisheries minister Bernhardt Esau, former justice minister Sakeus Shanghala and former Investec MD James Hatuikulipi their jobs. The three are currently under arrest along with Esau's son-in-law Tamson Hatuikulipi, suspended Investec manager Ricardo Gustavo and Hanganeni employee Pius Mwatelulo. A formal bail hearing is scheduled for 20 February in the Windhoek Magistrate's Court.

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OGONE TLHAGE

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Namibian Sun 2024-04-24

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 320.80/OZ DOWN -0.0011 | Copper US$ 4.45/lb UP +0.99% | Zinc US$ 2 839.60/T UP 1.34% | Brent Crude Oil US$ 87.98/BBP DOWN -0.004 | Platinum US$ 901.31/OZ DOWN -0.0094 Sport results: Premier League: Arsenal 5 vs 0 Chelsea | Fulham 1 vs 3 Liverpool | Aston Villa 3 vs 1 Bournemouth | Crystal Palace 5 vs 2 West Ham | Everton 2 vs 0 Nottingham Forest LaLiga: Sevilla 2 vs 1 Mallorca | Real Madrid 3 vs 2 Barcelona | Deportivo Alaves 2 vs 0 Atletico Madrid | Almería 1 vs 2 Villarreal | Getafe 1 vs 1 Real Sociedad SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna | Monza 1 vs 2 Atalanta | Salernitana 0 vs 2 Fiorentina | Torino 0 vs 0 Frosinone | Sassuolo 0 vs 3 Lecce European Championships Qualifying: Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday FA Cup: Coventry City 3 vs 3 Manchester United English Championship: Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday Weather: Katima Mulilo: 14° | 35° Rundu: 15° | 35° Eenhana: 16° | 36° Oshakati: 17° | 34° Ruacana: 16° | 35° Tsumeb: 18° | 33° Otjiwarongo: 15° | 32° Omaruru: 16° | 34° Windhoek: 15° | 30° Gobabis: 17° | 31° Henties Bay: 15° | 20° Wind speed: 26km/h, Wind direction: S, Low tide: 09:35, High tide: 03:35, Low Tide: 21:39, High tide: 15:58 Swakopmund: 15° | 17° Wind speed: 32km/h, Wind direction: SW, Low tide: 09:33, High tide: 03:33, Low Tide: 21:37, High tide: 15:56 Walvis Bay: 15° | 24° Wind speed: 34km/h, Wind direction: SW, Low tide: 09:33, High tide: 03:32, Low Tide: 21:37, High tide: 15:55 Rehoboth: 15° | 32° Mariental: 19° | 33° Keetmanshoop: 19° | 32° Aranos: 19° | 33° Lüderitz: 15° | 29° Ariamsvlei: 19° | 31° Oranjemund: 12° | 20° Luanda: 26° | 28° Gaborone: 20° | 33° Lubumbashi: 14° | 27° Mbabane: 14° | 24° Maseru: 12° | 26° Antananarivo: 16° | 24° Lilongwe: 15° | 28° Maputo: 21° | 26° Windhoek: 15° | 30° Cape Town: 16° | 20° Durban: 20° | 23° Johannesburg: 18° | 28° Dar es Salaam: 24° | 26° Lusaka: 17° | 29° Harare: 15° | 30° Economic Indicators: Currency: GBP to NAD 23.85 | EUR to NAD 20.54 | CNY to NAD 2.65 | USD to NAD 19.2 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.72 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.32 | USD to AOA 834.06 | USD to BWP 13.83 | USD to EGP 47.85 | USD to KES 133.98 | USD to NGN 1251.05 | USD to ZAR 19.2 | USD to ZMW 26.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74010.81 Up +0.62% | Namibian Stock Exchange (NSX) Overall Index 1522.16 Down -0.31% | Casablanca Stock Exchange (CSE) MASI 13246.66 Down -0.42% | Egyptian Exchange (EGX) 30 Index 26777.05 Down -4.86% | Botswana Stock Exchange (BSE) DCI 9132.5 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 320.80/OZ DOWN -0.0011 | Copper US$ 4.45/lb UP +0.99% | Zinc US$ 2 839.60/T UP 1.34% | Brent Crude Oil US$ 87.98/BBP DOWN -0.004 | Platinum US$ 901.31/OZ DOWN -0.0094