- Company owns, operates and charters diversified fleet of carriers and tankers
- Grindrod conducts business under two brands that have earned a positive reputation for quality and standards since 1910
- Company provides training for shore- and offshore-based sectors of trade through accredited Grindrod Shipping Training Academy
- 2018 saw revenues of $319 million and a gross profit of $11.1 million
International shipping company Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) has roots dating back to 1910 in South Africa. Now based in Singapore, with offices around the world, the company owns and operates a diversified fleet, which currently consists of 25 owned dry-bulk carriers, seven long-term chartered-in dry-bulk carriers, 12 owned tankers and three long-term chartered-in tankers.
Grindrod Shipping manages the majority of its fleet in-house and trades globally under two key brands:
- Island View Shipping (IVS), founded in 1976 and acquired by GRIN in 1999, ships dry-bulk cargo such as minerals, coal, ores and agricultural products. IVS ships between 12 and 14 million metric tons every year across the globe.
- Unicorn Shipping began in South Africa in 1910 and relocated from London to Singapore in 2010. The brand has developed a high reputation for quality and standards as it ships liquid chemicals and clean petroleum products along the Southern African coast, as well as East and West Africa. Customers include Shell, Chevron, Engen, Total, SASOL, PetroSA and BP.
GRIN commercially and technically manages the majority of the fleet. The in-house management provides cost control and ensures the high-quality reputation GRIN has built over the past century. The management of the fleet falls on the company’s technical department, which is made up of experienced and qualified managers, including six master mariners and 10 Class 1 marine engineers.
In addition to managing the fleet, the technical department also runs the Grindrod Shipping Training Academy (http://ibn.fm/iP48X), which has been in operation since 1975 and is accredited by SAMSA (South African Maritime Safety Authority). The academy has provided training for shore- and offshore-based sectors of trade since its beginning and is able to tailor-make courses to fit the needs of its students.
In 2018, the company listed on the Nasdaq under ticker symbol ‘GRIN’ and on the Johannesburg Stock Exchange under ticker symbol ‘GSH’. The company reported revenues of $319 million and a gross profit of $11.1 million last year (http://ibn.fm/cRjPh).
For more information, visit the company’s website at www.GrinShipping.com
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