Grindrod Shipping’s loss narrows
Covid-19 had hit its costs, including reduced cargo flows for some customers, though administrative expenses decreased
28 August 2020 - 09:57
Grindrod Shipping, which is based in Singapore and listed in the US and Johannesburg, has reported its loss narrowed in its half-year to end-June, when marketing activity and staff travel decreased.
The group, which operates a fleet of dry bulk carriers and tankers, said calculating the effects of Covid-19 would require a number of assumptions, but the pandemic did delay crew changes, and reduce cargo flows from some customers...
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