Grindrod is in a deal to build a new liquid bulk handling facility that it says will benefit its coastal tanker division.
The South African shipowner signed a joint venture deal with Germany's Oiltanking to build the terminal at Port Elizabeth.
Grindrod and Oiltanking said the first phase of the project calls for construction of 150,000 cubic metres (943,000 barrels) of refined products storage at Port Elizabeth.
