Singapore-based bulker owner Grindrod Shipping will prioritise reducing its debt and building its liquidity flexibility, moves that may see it selling more ships.
This commitment to reducing leverage was made on Friday by Stephen Griffiths, the company’s interim chief executive officer and chief financial officer when revealing the results of its 2022 financial year.
Although Nasdaq and Johannesburg-listed Grindrod got off to a flying start during the first half of 2022, earning a net profit of $83.1m
