Free from its tankers and now focused exclusively on bulk, Grindrod Shipping staged a turnaround in its fortunes for its 2021 financial year.

The Nasdaq and Johannesburg-listed, Singapore-based company posted a net profit of $132.6m for the year ending 31 December 2021, as compared to the $34.9m loss posted in 2020.

Revenue for 2021 came in at $455.8m