Because ships are a high cost asset and Grange is an IO miner with zero knowledge of shipping other than one end is pointy.
Apples with apples - and Grange should concentrate on its strengths. Up-grading the Tassie mining operation comes first - maybe Southdown should be penciled in as a future priority. Going into other materials used in their steelmaking makes sense - and probably less expensive than buying a second hand Shagang princess.
What can GRR do with its excess cash, page-39
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