Grindrod Shipping Holdings Ltd

Grindrod Shipping Holdings Ltd. engages in the provision of maritime transportation services. It operates through the Drybulk Carriers and Tankers Business segments. The Drybulk Carriers Business segment operates under handysize, supramax/ultramax, and other operating segments. The Tankers Business segment is divided into medium range tankers, small tankers, and other operating segments. The company was founded in 1910 and is headquartered in Singapore.

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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 fourth quarter and year ended December 31, 2022 on Wednesday, February 15, 2023, after market closing in New York.

Grindrod Shipping Holdings Ltd. Announces Date For Unaudited Financial Results For The Fourth Quarter & The Year Ended December 31, 2022

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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.

Grindrod Shipping: Why Have Good, When You Can Have Great

Due to the high inflation rates, COVID-19, and the continuing war in Ukraine, the global recession likely will continue hurting the demand for dry bulk commodities. However, the measures of the Chinese government and central bank should support iron ore demand.

Grindrod Shipping Is Cheap Compared To Other Dry Bulk Stocks

SINGAPORE, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Taylor Maritime Investments Limited (LON: TMI / TMIP) (“TMI”), an internally managed investment company specializing in the acquisition and chartering of vessels in the handysize and supramax bulk carrier segments of the global shipping sector, and Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or the “Company”), a global provider of maritime transportation services in the drybulk sector, today jointly announced the expiration of the subsequent offering period (the “Subsequent Offering Period”) of the voluntary conditional cash offer (the “Offer”) made by Good Falkirk (MI) Limited (the “Offeror”), a wholly-owned subsidiary of TMI, for all of the ordinary shares (other than Shares held by the Offeror and Shares held in treasury) in the capital of Grindrod Shipping (“Shares”). The Subsequent Offering Period expired at 11:59 p.m., New York time, on December 19, 2022.

Taylor Maritime Investments Limited and Grindrod Shipping Holdings Ltd. Jointly Announce the Expiration and Results of the Subsequent Offering Period

SINGAPORE, Dec. 16, 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 in the drybulk sector, today announced the following changes to our Board of Directors (the “Board”).

Grindrod Shipping Holdings Ltd. Announces Changes to Board of Directors

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SINGAPORE, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Taylor Maritime Investments Limited (LON: TMI / TMIP) (“TMI”), an internally managed investment company specializing in the acquisition and chartering of vessels in the handysize and supramax bulk carrier segments of the global shipping sector, and Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company”), a global provider of maritime transportation services in the drybulk sector, today jointly announced the expiration of the previously announced voluntary conditional cash offer (the “Offer”) made by Good Falkirk (MI) Limited (the “Offeror”), a wholly-owned subsidiary of TMI, for all of the ordinary shares (other than Shares held by the Offeror and Shares held in treasury) in the capital of Grindrod Shipping (“Shares”) and the commencement of a subsequent offering period for the remaining Shares. The Offer and withdrawal rights expired at 11:59 p.m., New York time, on November 28, 2022 (the “Expiration Time”).

Taylor Maritime Investments Limited and Grindrod Shipping Holdings Ltd. Jointly Announce Expiration and Results of the Offer and Commencement of Subsequent Offering Period

SINGAPORE, Nov. 16, 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 predominantly in the drybulk sector, today announced its earnings results for the three months and the nine months ended September 30, 2022.

Grindrod Shipping Holdings Ltd. Unaudited Financial Results for the Third Quarter & Nine Months of the Year Ending December 31, 2022

SINGAPORE, Nov. 10, 2022 (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 it will release earnings results for the third quarter and nine months ended September 30, 2022 on Wednesday, November 16, 2022, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results due to the currently open Tender Offer from Taylor Maritime Investments Limited.

Grindrod Shipping Holdings Ltd. Announces Date for Unaudited Financial Results for the Third Quarter & Nine Months of the Year Ending December 31, 2022

Taylor Maritime Investments Limited (TMI) has agreed to buy Grindrod Shipping Holdings Limited for a total price of $506mln. The deal, facilitated through TMI's subsidiary, Good Falkirk, values each share in Grindrod at $26.

Taylor Maritime Investments takes full ownership of Grindrod Shipping

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 maritime transportation services predominantly in the drybulk sector, today announced that we have entered into a transaction implementation agreement (the “Implementation Agreement”), dated October 11, 2022, among the Company, Taylor Maritime Investments Limited (“TMI”) and Good Falkirk (MI) Limited, a wholly-owned subsidiary of TMI (the “Offeror”), providing for a voluntary conditional cash offer (the “Offer”) to be made by the Offeror for all of the issued ordinary shares (the “Shares”) in the capital of the Company (other than Shares held by the Offeror and Shares held in treasury) (the “Offer Shares”).

Grindrod Shipping Holdings Ltd. Announces Agreement With Taylor Maritime Investments Limited

SINGAPORE, Oct. 12, 2022 (GLOBE NEWSWIRE) -- 1. INTRODUCTION

Grindrod Shipping Holdings Ltd Makes Joint Rule 3.5 Announcement

A buyout proposal pops the shares on an otherwise unmemorable Monday for the market.

Why Grindrod Shipping Stock Blasted 17% Higher Today

Source: Avigator Fortuner / Shutterstock.com This morning, Grindrod Shipping (NASDAQ: GRIN ) disclosed that it is in “exclusive discussions” with Taylor Maritime Investments (OTCMKTS: TMILF ) regarding a potential buyout of Grindrod. This proposed acquisition hasn't been finalized.

Why Is Grindrod Shipping (GRIN) Stock Up 15% Today?

SINGAPORE, Aug. 29, 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 predominantly in the drybulk sector, today made the following announcement.

Grindrod Shipping Holdings Ltd. Holding Announcement

Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN ) Q2 2022 Earnings Conference Call August 18, 2022 8:00 AM ET Company Participants Stephen Griffiths - Interim Chief Executive Officer & Chief Financial Officer Carl Ackerley - Chief Operating Officer Conference Call Participants Poe Fratt - Alliance Global Partners Francis Daniels - Anibok Investment Operator Thank you for standing by, ladies and gentlemen and welcome to Grindrod Shipping Holdings Limited Second Quarter 2022 Financial Results Call.

Grindrod Shipping Holdings Ltd. (GRIN) CEO Stephen Griffiths on Q2 2022 Results - Earnings Call Transcript

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 predominantly in the drybulk sector, today announced its earnings results for the three months and the six months ended June 30, 2022.

Grindrod Shipping Holdings Ltd. Unaudited Financial Results For the Second Quarter & First Half of the Year Ending December 31, 2022

High fuel costs are likely to get reflected in Grindrod Shipping's (GRIN) Q2 results.

What's in Store for Grindrod Shipping (GRIN) in Q2 Earnings?

SINGAPORE, Aug. 12, 2022 (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 it will release earnings results for the three months and six months ended June 30, 2022 on Wednesday, August 17, 2022, after market closing in New York.

Grindrod Shipping Holdings Ltd. Announces Date for Its Second Quarter and First Half 2022 Financial Results Release

Here is how Grindrod Shipping Holdings Ltd. (GRIN) and Matson (MATX) have performed compared to their sector so far this year.

Is Grindrod Shipping (GRIN) Stock Outpacing Its Transportation Peers This Year?

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Should Value Investors Buy Grindrod Shipping (GRIN) Stock?

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Grindrod shipping offers investors the opportunity to get exposure in the dry bulk shipping market with less of the volatility normally associated with smaller vessels. The company is trading at 2.3 times its forward earnings and has taken steps to strengthen their balance sheet and support their share price.

Grindrod Shipping: Getting Cheap Shipping Exposure With Less Volatility

I believe GRIN is attractive enough for both a short-term speculative buy and a longer-term dividend buy - the bull cycle in shipping is not over yet. In my view, the slowdown in Chinese economic activity is a new reality, but it does not cancel out the demand for the active use of bulk carriers.

News for Grindrod Shipping Holdings Ltd Stock (GRIN)