GRIN News and Press, Grindrod Shipping Holdings Ltd. From 03/31/22

Grindrod Shipping's (NASDAQ:GRIN) CEO Martyn Wade is retiring after more than 14 years of service with the company and its predecessors. Mr. Wade will retire on April 30, 2022 and will also relinquish his board position at the company. Concurrently, the Board of Directors has appointed Stephe...

SINGAPORE, March 31, 2022 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “it” or “we”), a global provider of maritime transportation services predominantly in the dryb...

The following slide deck was published by Grindrod Shipping Holdings Ltd. in conjunction with this event. For further details see: Grindrod Shipping Holdings (GRIN) Presents at 16th Annual Capital Link International Shipping Forum - Slideshow

Gainers: Solid Power (SLDPW) +17%, Solid Power (SLDP) +12%, Xometry (XMTR) +11%, Eastman Kodak Company (KODK) +10%, Grindrod Shipping (GRIN) +9%. Losers: PaySign (PAYS) -14%, Antelope Enterprise (AEHL) -13%, Guardforce AI (GFAI) -11%, Ideal Power (IPWR) -11%, Euro Tech Holdings (CLW...

Gainers: Incannex Healthcare (NASDAQ:IXHL) +28%, GitLab (NASDAQ:GTLB) +12%, NextCure (NASDAQ:NXTC) +5%, Cyxtera Technologies (NASDAQ:CYXT) +4%, Grindrod Shipping (NASDAQ:GRIN) +4%. Losers: Coupa Software (NASDAQ:COUP) -27%, DLocal (NASDAQ:DLO) -13%, Mesa Air (NASDAQ:MESA) -3%, Aurora Inn...

Junior Dry Bulk shipper OceanPal has seen its shares soaring by more than 200% on massive volume in recent sessions. On Monday, momentum appeared to spill over to other speculative dry bulk shipping names like Castor Maritime and Seanergy Maritime. Introducing 15 US-exchange liste...

I estimate a 1Q 2022 TCE per day of $26397 and 1Q 2021 revenue of  $316 million for Star Bulk Carriers. Using the new quarterly data, I updated my valuation on Star Bulk to $30 per share. As long as time charter rates go up, Star Bulk can operate better than GRIN and GOGL in ...

Recent stock price weakness warranted? We don't think so and see no fundamental reason for the more than 12% drop, including more than 6% yesterday, seen since hitting a multi-year high of $27.10 last Thursday. The weakness is even more surprising since a competitor highlighted solid Supra mar...

Using the Baltic Dry Index and dry bulk freight rates, I estimate 4Q 2021 TCE per day of $23003 for Grindrod Shipping. I value the stock is worth $34.50, about 35% upside potential at prices around $25. According to GRIN’s strong cash generation with debt shrinking during 2...

Shares of Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) traded at a new 52-week high today of $26.50. So far today approximately 133,000 shares have been exchanged, as compared to an average 30-day volume of 522,000 shares. Over the past year, Grindrod Shipping Holdings Ltd. has traded i...