Singapore’s Grindrod Shipping has raised more cash from selling two handysize bulk carriers.
The Nasdaq-listed company, controlled by Taylor Maritime Investments, said the 32,000-dwt IVS Merlion and IVS Raffles (both built 2013) have gone for $11.6m each.
Brokers are linking the Merlion to Turkish interests, while the other bulker is said to have been acquired by Greeks.
