Sector: Industrials
The company is not available at Interactive Brokers
Grindrod Shipping Holdings (JSE:GSH) owns and operates a diversified fleet of owned, long-term chartered and joint-venture dry-bulk and liquid-bulk vessels across the globe.
Grindrod Shipping originated in South Africa with roots dating back to 1910. The company is based in Singapore, with offices around the world including, London, Durban, Cape Town, Tokyo and Rotterdam. Its primary listing is on Nasdaq and secondary listing on the JSE.
The company operates three divisions:
Island View Shipping
Island View Shipping was founded in 1976, acquired by Grindrod Limited in 1999 and has become one of the world’s foremost bulkcarrier owner and operators, carrying between 12 and 14 million tonnes per annum globally on a fleet of owned, long period chartered and spot operated vessels. The modern eco fleet of 32 vessels, including 13 ships owned in joint venture, is predominantly Japanese built handysize and supramax / ultramax bulkcarriers. In addition, a number of third-party vessels are commercially managed in the IVS pool. The company's teams of specialist operators ensure efficient fleet utilisation and, in addition to the global tramping of its fleet (with particular focus on routes into and out of the Indian Ocean basin), IVS offers a regular handysize / handymax parcel service to the North-West continent, UK, Mediterranean and the Far East, scheduling approximately 8 vessels per month from South Africa, Mozambique, East Africa and Namibian ports and regular sailing from Europe and South America into the Indian Ocean islands.
Unicorn Shipping
Unicorn’s South African roots date as far back as the 1910’s. Unicorn moved from London to Singapore in 2010. Unicorn is involved in the medium range and intermediate tanker markets, shipping clean petroleum products. The Unicorn emblem and red, blue and white colours are a familiar sight on international waters and are known for high quality and standards.
Commercial and Technical Management
The company manages the vast majority of its Fleet in-house for quality and cost control reasons.
The technical department employs a large team of experienced and qualified managers in Singapore and Durban, including six master mariners and 10 Class 1 marine engineers who perform superintendent and technical management functions across the fleet.
The company's technical department also operates the Grindrod Shipping Training Academy which is located in Durban.
The Grindrod Shipping Training Academy is a registered establishment that conducts Safety, Survival and Security Courses required by the marine and allied industries. The academy is accredited by SAMSA (South African Maritime Safety Authority), OPITO. Since 1975 the academy has trained both seafarers and personnel for shore and offshore based sectors of trade.
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