Two of five tanker orders axed by Grindrod at a Chinese yard are back on after the pair put their differences to bed.
News of the revived products tanker order comes as the South African owner reported a smaller full-year profit on the back of currency movements and poor tanker markets.
Shipbroker Clarksons still lists Grindrod’s tanker subsidiary Unicorn Shipping as expecting seven 16,500-dwt tankers from Taizhou Sanfu with five set for delivery this year and two in 2012.
However,
