GRIN News and Press, Grindrod Shipping Holdings Ltd. From 10/12/22

Grindrod Shipping ( NASDAQ: GRIN ) has entered into a transaction implementation agreement with Taylor Maritime Investments (TMI) and its subsidiary Good Falkirk (MI). The agreement provides for a voluntary conditional cash offer to be made by TMI for all of the issued ordin...

SINGAPORE, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“ Grindrod Shipping ” or “ Company ” or “ we ” or “ us ” or “ our ”), a global provider of mariti...

Summary The global iron ore shipping volumes have been decreasing in the past weeks. On the other hand, the demand for coal will remain strong due to hiked natural gas prices. Star Bulk Carriers should remain profitable; however, its 2H 2022 financial results will be weaker th...

Summary Small, Greece-based dry bulk shipper is trading at an eye-catching discount to net asset value ("NAV"). Market environment has weakened in recent month due to a lack of Chinese demand, recession fears and rapidly easing port congestion. Ongoing strength in the second-h...

Summary Taylor Maritime made a ~$26 non-binding offer for Grindrod Shipping. The bid is supported by $5 in cash coming out of Grindrod Shipping's own stash. Grindrod has a mountain of cash and a valuable fleet. Ultimately, I envision a higher price or no deal. Gr...

Taylor Maritime Investment Limited (TMI) proposed a $26 per share offer to acquire share capital of the Company not already owned by TMI. TMI owned 4,925,023, or 25.9% of the shares of Grindrod as of August 17, 2022.The offer consists of $21 in cash and a $5 special cash dividend to be paid to...

Second quarter financial results come in above expectations. Grindrod Shipping reported above-expectation financial results for the most recent quarter boosted by higher-than-expected shipping rates and lower daily operating costs. Reported revenues for the quarter were $161.6 million includin...

Grindrod Shipping Holdings Ltd. (GRIN) Q2 2022 Earnings Conference Call August 18, 2022 08:00 ET Company Participants Stephen Griffiths - Interim Chief Executive Officer & Chief Financial Officer Carl Ackerley - Chief Operating Officer Conference Call Parti...

Shares of Grindrod Shipping ( NASDAQ: GRIN ) rose 13.2% to $21.71 in Thursday mid-day trading, after the drybulk vessel operator reported Q2 results that beat estimates. Singapore-based GRIN has a core fleet of 31 vessels consisting of 15 handysize drybulk ca...

SINGAPORE, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we” or “us” or “our”), a global provider of maritime transportation services pre...