GRIN News and Press, Grindrod Shipping Holdings Ltd. From 04/25/23

SINGAPORE, April 25, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“ Grindrod Shipping ” or " Company "), a global provider of maritime transportation services predominantly in the drybulk sector, announced the completion of the followin...

2023-04-23 06:00:35 ET Summary TCE rates for Capesize vessels improved in the past few weeks, and Capesize vessels account for 55% of SBLK’s fleet. China's 1Q 2023 economic growth was better than expected and may improve further in the second half of the year. Compared ...

2023-03-22 01:27:33 ET Summary Grindrod reported a 4Q 2022 loss of $0.24 per diluted share, compared with a 4Q 2021 profit of $2.67 per diluted share. The company’s annual profit decreased by 11% YoY. As TCE rates for handysize and supramax/ultramax vessels dropped in 2022,...

2023-03-20 17:37:49 ET Grindrod Shipping ( NASDAQ: GRIN ) on Monday said that effective from March 31, 2023, Stephen Griffiths will be retiring as interim chief executive officer and chief financial officer. Griffiths will also retire from his board position at the c...

SINGAPORE, March 20, 2023 (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 in the d...

Grindrod Shipping press release ( NASDAQ: GRIN ): Q4 Non-GAAP EPS of $0.56 misses by $0.18 . Revenue of $81.35M (-42.9% Y/Y) beats by $10.7M . Adjusted EBITDA from continuing operations of $32.2 million (1 ) Handysize and supramax/ultramax TCE per day ...

SINGAPORE, Feb. 15, 2023 (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 predomina...

SINGAPORE, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“ Grindrod Shipping ” or " Company "), a global provider of maritime transportation services in the drybulk sector, announced it will release earnings results for the four...

Summary Grindrod Shipping's business has remained highly profitable, and management is looking to pay out 30% of net income as dividends. A recent offer at a 17% premium has not been accepted, as investors see value greater than its current trading price. Our economic analysis sugge...

Summary Due to the continuing global recession, the dry bulk market outlook is not strong. Based on the CCA method, compared to other dry bulk stocks, SBLK stock price has a 10% downside potential. However, recent measures by the Chinese authorities may support the demand for dry bu...