Today, a world class shipping & freight logistics operation
To achieve “blue chip” status as a transportation group through sustained
earnings growth from separately listed international shipping operation and South
African based Trading, Freight and Financial Services businesses.
To provide a worldwide range of high quality shipping services through
ownership, charter, pooling and operation of a diversified fleet of
To be the first choice provider of a broad
range of Trading, Freight and Financial services from a predominately
Southern African base
A few Grindrod facts:
- Grindrod is listed on the JSE Securities Exchange South Africa where its shares
are quoted in the Transport sector.
- The group’s head office is in Durban and it maintains a strong operating
presence at each of South Africa’s major ports as well as in Johannesburg,
Mozambique, Angola, and Namibia. Grindrod also has offices in London, Spain
and Singapore and Dubai.
- Grindrod Limited employs 5000 skilled and dedicated people and controls assets
in excess of R7 billion, generating annual revenue of over R12 billion ands an annual
profit exceeding R1 billion.
The Group has grown in size and stature, modernized its operations and adopted an
entrepreneurial decision making approach. International and local partners have
been introduced, including black empowerment initiatives.
The purchase of Island View Shipping in 1999 gave the group a major dry bulk business,
adding a significant new facet to the Group’s shipping services – Capesize
and Panamax vessels were now on charter to compliment traditional business in the
Handy size market.
IVS is currently South Africa’s most prominent bulk ship owner and operator,
and continues to take delivery of ships contracted in the past at favourable rates.
Unicorn Shipping is South Africa’s largest and oldest national ship owner
with roots dating back to the 1860’s.
In addition to owning ships, Unicorn operates mainly in the chemical and product
tanker markets and has a number of newbuildings on order at favourable prices.
The group’s shipping services boast large, modern fleets, sound expertise,
good customer bases and firm partnership relationships.
Grindrod’s Freight Management operations encompass a major share of the local
ships agency business, sea freight logistics and land freight logistics.
Grindrod’s Ships Agency is a leading player in its field offering many worldwide
ship operators a broad spectrum of services in South Africa, Namibia, Mozambique,
Malawi, Zimbabwe, Botswana and Swaziland.
The Seafreight Logistics business, Ocean Africa Container Lines, in partnership
with Safmarine, operated a feeder service around the Southern African coast.
The landbased operations are focused on terminals, intermodal solutions, rail, port
operations and all facets of traditional logistics, i.e. international freight forwarding,
contract logistics and specialized industry-solutions (automotive, projects, furniture,
Bulk Product Trading
The Bulk Product Trading division trades in the following commodities: agricultural,
industrial raw materials, marine fuels and lubricants.
The group’s vision is to grow Grindrod Bank (previously Marriott Corporate
Property Bank) into a substantial South African empowered bank.