TERRY HUTSON OPERATING WITH a war chest worth R1 billion, the Durban-based Grindrod Group moved further along its planned route to diversification this week by buying a 50% share in United Kingdom-based Cockett Marine Oil, marketer of marine fuels and lubricants. The deal with Cockett Marine, which currently supplies over five million tonnes of marine fuels and lubricants to the shipping industry worldwide, takes immediate effect. Cockett Marine trades in North, Central and South America, Russia, Singapore, Monaco and South Africa.
