Grinship profit falls but takeover deal is still on track

Maritime transportation services group Grindrod Shipping (Grinship) says unfavourable charter rates, softer trade demand and a persistently low order book dampened profit for the third quarter.

This comes as the Nasdaq- and JSE-listed company, which is gearing up to be taken over by rival Taylor Maritime Investments (TMI) and subsidiary Good Falkirk (MI), signalled that the deal was still on track...

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