Grindrod Shipping continues to upgrade its fleet, selling older vessels and acquiring more modern tonnage.
The Singapore shipowner said it has agreed to sell the 32,600-dwt IVS Kingbird (built 2007) for $10.4m, which it said was “effectively a 1.5% premium to carrying value”.
Delivery to the new owner is expected before the end of February, the company said in a regulatory filing.
