South African shipping and logistics group Grindrod has bought the 50% of CMC Grindrod that it did not own from Cross Country Containers Africa, a subsidiary of Safmarine. Terms of the deal were not disclosed.
CMC Grindrod provides container depot facilities in Cape Town, Port Elizabeth, Durban and Johannesburg for the storage, handling and repair of general purpose and reefer containers. In addition the company provides full container storage and handling for imports, exports and transshipments from its national facilities....
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