Nasdaq-listed Grindrod Shipping has been linked to more product tanker sales as secondhand prices remain strong.

Brokers reported that the shipowner has reached deals to sell the 39,700-dwt Rhino (built 2010) for $16m and the 40,000-dwt Inyala (built 2008) for $14.5m.

No firm information on the buyer is available, and one of the brokers said the deals are yet to be finalised.