Latest news from Heavy Lift & Project Forwarding International Magazine

Grindrod plans to spin off shipping business

August 24 - The South Africa-based freight logistics and shipping services company, Grindrod is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday.

In an official statement Grindrod said it has believed for many years that the value of its shipping services was not fairly reflected in its share price.

Executive chairman Mike Hankinson said the board has resolved to investigate a separate listing of the business offshore.

"We have appointed professional advisors in and outside of South Africa in the fields of shipping, legal and financial to work with us on the unbundling of the shipping business onto an international exchange that supports shipping groups with an inward listing into South Africa," Hankinson said.

"The process is well progressed and we are planning to complete the process in the first half of 2018."

In the freight forwarding and logistics arena, Grindrod is a part owner of Röhlig-Grindrod along with Röhlig & Co Internationale and Calulo Investments.

Through Sturrock Grindrod Maritime, the group can handle heavy lift project shipping.

 

www.grindrod.co.za

Heavy Lift | News

Our winners in pictures thumbnail image

Our winners in pictures

October 17 - Congratulations to all of the winners of the inaugural Heavy Lift Awards 2019!
Views: 128
Rotterdam strengthens presence in India thumbnail image

Rotterdam strengthens presence in India

October 17 - The port of Rotterdam has appointed Broekman Logistics India as its representative team in the country, as the port looks to strengthen its activities in the region.
Views: 100
MSC rules out NSR thumbnail image

MSC rules out NSR

October 17 - MSC Mediterranean Shipping Company has confirmed that it will not explore the use of the Northern Sea Route (NSR) for container shipping between Europe and Asia.
Views: 107
Winners revealed at Heavy Lift Awards thumbnail image

Winners revealed at Heavy Lift Awards

October 16 - Almost 400 guests gathered at the inaugural Heavy Lift Awards ceremony last night at the Hilton Old Town hotel in Antwerp to celebrate the achievements of the heavy lift, specialised transport and project logistics sector.
Views: 1337

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.