Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 23 owned dry bulk carriers and 8 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates a fleet of four owned tankers, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.
IPO Year:
Exchange: NASDAQ
Website: grinshipping.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2023 | Buy → Neutral | Alliance Global Partners | |
| 7/17/2023 | $12.50 | Neutral → Buy | Alliance Global Partners |
| 8/3/2022 | $32.00 | Buy | Alliance Global Partners |
| 4/27/2022 | $26.00 | Buy | Jefferies |
| 10/28/2021 | $20.00 | Buy | Jefferies |
Alliance Global Partners downgraded Grindrod Shipping from Buy to Neutral
Alliance Global Partners upgraded Grindrod Shipping from Neutral to Buy and set a new price target of $12.50
Alliance Global Partners initiated coverage of Grindrod Shipping with a rating of Buy and set a new price target of $32.00
Jefferies resumed coverage of Grindrod Shipping with a rating of Buy and set a new price target of $26.00
Jefferies initiated coverage of Grindrod Shipping Hldgs with a rating of Buy and set a new price target of $20.00
SINGAPORE, April 04, 2024 (GLOBE NEWSWIRE) -- Exhibit 99.1 GRINDROD SHIPPING HOLDINGS LTD.(Incorporated in Singapore)(Registration No.: 201731497H)Primary listing on the NASDAQ Global Select MarketSecondary listing on the JSE Main BoardNASDAQ Share code: GRIN and SEC CIK Number: CIK0001725293JSE Share code: GSH and ISIN: SG9999019087(the "Company") 1INTRODUCTION The board of directors (the "Board") of Grindrod Shipping Holdings Ltd. (the "Company") wishes to announce that it proposes to seek the approval of the shareholders of the Company (the "Shareholders") at an extraordinary general meeting of the Company (the "EGM") to be convened, for a selective capital reduction exercise to be
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 predominantly in the drybulk sector, today announced its earnings results for the three months and the year ended December 31, 2022. Financial Highlights for the Three Months Ended December 31, 2022 Revenues of $81.4 millionGross profit of $23.0 millionLoss for the period from continuing operations and attributable to owners of the Company of $4.6 million, or $0.24 per ordinary shareAdjusted net income of $10.6 million, or $0.56 per ordinary share(1)Adjusted EBITDA from cont
SINGAPORE, Oct. 12, 2022 (GLOBE NEWSWIRE) -- THIS JOINT ANNOUNCEMENT DATED 12 OCTOBER 2022 (THE "ANNOUNCEMENT") DOES NOT CONSTITUTE AN OFFER AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO, OR FROM, ANY JURISDICTION OUTSIDE THE UNITED STATES OF AMERICA, SOUTH AFRICA, AND SINGAPORE IN WHICH THE INTRODUCTION OR IMPLEMENTATION OF THE OFFER (AS DEFINED BELOW) WOULD NOT BE IN COMPLIANCE WITH THE LAWS OR REGULATIONS OF SUCH JURISDICTION. PLEASE REFER TO PARAGRAPH 19 OF THIS ANNOUNCEMENT FOR FURTHER DETAILS RELATING TO GRINDROD SHAREHOLDERS IN OTHER JURISDICTIONS. GOOD FALKIRK (MI) LIMITED(Registration No.: 96379)(Incorporated in Marshall Islands)(the
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 drybulk sector, announced that its Chief Executive Officer ("CEO"), Martyn Wade, has informed the Company that he will be retiring from the Company effective April 30, 2022 after more than 14 years of service with Grindrod Shipping and its predecessors. Concurrently, the Board of Directors has appointed Stephen Griffiths, who will remain as the Chief Financial Officer of the Company, as Interim CEO to succeed Mr. Wade. Mr. Wade will also retire from his board posi
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SINGAPORE, Aug. 16, 2024 (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, today announced that, on August 16, 2024, its previously announced selective capital reduction became effective pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction"). Capitalised terms not otherwise defined herein shall have the meanings ascribed to them in the circular issued to shareholders of the Company dated May 14, 2024. The Selective Capital Reduction became effective upon the lodgement of the Court Order, a
SINGAPORE, Aug. 06, 2024 (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, today announced its intention to voluntarily delist its ordinary shares from the NASDAQ Global Select Market ("Nasdaq"), in connection with its proposed Selective Capital Reduction pursuant to Section 78G of the Companies Act of 1967 of Singapore (the "Selective Capital Reduction"). The Company refers to the circular issued to shareholders of the Company (the "Circular") and its previous press release issued on July 19, 2024. Capitalised terms not otherwise defined
SINGAPORE, July 19, 2024 (GLOBE NEWSWIRE) -- 1 INTRODUCTION Grindrod Shipping Holdings Ltd. (the "Company") refers to the announcement by the board of directors (the "Board") dated 4 April 2024 in relation to the proposed selective capital reduction by the Company pursuant to section 78G of the Companies Act 1967 of Singapore (the "Selective Capital Reduction") the circular issued by the Company to shareholders of the Company (the "Shareholders") dated 14 May 2024 (the "Circular") in relation to the Selective Capital Reduction, the extraordinary general meeting of the Company held on 20 June 2024 (the "EGM"), and the announcement by the Company dated 20 June 2024 in relation to the re
SINGAPORE, July 17, 2024 (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 the High Court of the Republic of Singapore has approved the proposed selective capital reduction of the Company (the "Selective Capital Reduction") pursuant to Section 78G of the Companies Act 1967 of Singapore (the "Companies Act"), by which the Company will reduce the issued share capital of the Company from US$290,193,001, comprising 19,685,590 ordinary shares of the Company ("Shares"), to US$240,614,044 comprising
SINGAPORE, June 20, 2024 (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 on June 20, 2024 at 18:00 Singapore Standard time, Grindrod Shipping Holdings Ltd. held an extraordinary general meeting of shareholders (the "EGM") to consider approval of the proposed selective capital reduction of the Company (the "Selective Capital Reduction") pursuant to Section 78G of the Companies Act 1967 of Singapore (the "Companies Act"). As at the record date of the EGM, May 10, 2024 at 06:00 United States E
SINGAPORE, May 14, 2024 (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 it has despatched a circular (the "Circular") to the shareholders of the Company (the "Shareholders") in connection with the proposed selective capital reduction of the Company (the "Selective Capital Reduction") pursuant to Section 78G of the Companies Act 1967 of Singapore. Under the terms of the proposed Selective Capital Reduction, on the effective date of the Selective Capital Reduction (the "Effective Date") all
SINGAPORE, April 04, 2024 (GLOBE NEWSWIRE) -- Exhibit 99.1 GRINDROD SHIPPING HOLDINGS LTD.(Incorporated in Singapore)(Registration No.: 201731497H)Primary listing on the NASDAQ Global Select MarketSecondary listing on the JSE Main BoardNASDAQ Share code: GRIN and SEC CIK Number: CIK0001725293JSE Share code: GSH and ISIN: SG9999019087(the "Company") 1INTRODUCTION The board of directors (the "Board") of Grindrod Shipping Holdings Ltd. (the "Company") wishes to announce that it proposes to seek the approval of the shareholders of the Company (the "Shareholders") at an extraordinary general meeting of the Company (the "EGM") to be convened, for a selective capital reduction exercise to be
SINGAPORE, Feb. 28, 2024 (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 second half (1) and full year 2023 earnings results for the period ended December 31, 2023. Financial Highlights for the Second Half of the Year Ended December 31, 2023 Revenues of $201.2 millionGross profit of $15.9 millionLoss for the period and attributable to owners of the Company of $10.9 million, or $0.56 per ordinary shareAdjusted net loss of $9.2 million, or $0.47 per ordinary share(2)Adjusted EBITDA of $24.8 m
SINGAPORE, Feb. 21, 2024 (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 it will release its second half and full year 2023 earnings results for the period ended December 31, 2023 on Wednesday, February 28, 2024, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The
SINGAPORE, Jan. 25, 2024 (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 following transactions. On November 13, 2023, we exercised the purchase option on the 2014-built supramax bulk carrier IVS Naruo for approximately $12.0 million with delivery expected to take place on or before June 30, 2024. We can provide no assurances that the delivery will take place by that time or at all. On November 29, 2023, we delivered the 2013-built handysize bulk carrier, IVS Merlion, to her new owners. On December 11,
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SINGAPORE, Feb. 28, 2024 (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 second half (1) and full year 2023 earnings results for the period ended December 31, 2023. Financial Highlights for the Second Half of the Year Ended December 31, 2023 Revenues of $201.2 millionGross profit of $15.9 millionLoss for the period and attributable to owners of the Company of $10.9 million, or $0.56 per ordinary shareAdjusted net loss of $9.2 million, or $0.47 per ordinary share(2)Adjusted EBITDA of $24.8 m
SINGAPORE, Feb. 21, 2024 (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 it will release its second half and full year 2023 earnings results for the period ended December 31, 2023 on Wednesday, February 28, 2024, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The
SINGAPORE, Nov. 28, 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 predominantly in the drybulk sector, today announced its earnings results for the three months and nine months ended September 30, 2023. Financial Highlights for the Three Months Ended September 30, 2023 Revenues of $112.5 millionGross profit of $4.2 millionLoss for the period and attributable to owners of the Company of $8.5 million, or $0.44 per ordinary shareAdjusted net loss of $6.5 million, or $0.33 per ordinary share(1)Adjusted EBITDA of $11.2 million(1)Handysize and s
SINGAPORE, Nov. 27, 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 it will release earnings results for the three months ended September 30, 2023 on Tuesday, November 28, 2023, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The drybulk business, which operates under the brand "Island View
SINGAPORE, Sept. 05, 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 predominantly in the drybulk sector, today announced its earnings results for the three months and six months ended June 30, 2023. Financial Highlights for the Three Months Ended June 30, 2023 Revenues of $109.1 millionGross profit of $16.4 millionProfit for the period and attributable to owners of the Company of $5.5 million, or $0.28 per ordinary shareAdjusted net income of $5.5 million, or $0.28 per ordinary share(1)Adjusted EBITDA of $24.3 million(1)Handysize and supram
SINGAPORE, Aug. 29, 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 it will release earnings results for the three months and six months ended June 30, 2023 on Tuesday, September 5, 2023, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The drybulk business, which operates under the brand "I
SINGAPORE, May 17, 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 predominantly in the drybulk sector, today announced its earnings results for the three months ended March 31, 2023. Financial Highlights for the Three Months Ended March 31, 2023 Revenues of $76.8 millionGross profit of $7.0 millionLoss for the period and attributable to owners of the Company of $4.3 million, or $0.22 per ordinary shareAdjusted net loss of $4.3 million, or $0.22 per ordinary share(1)Adjusted EBITDA of $15.7 million(1)Handysize and supramax/ultramax TCE per d
SINGAPORE, May 10, 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 it will release earnings results for the three months ended March 31, 2023 on Wednesday, May 17, 2023, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The drybulk business, which operates under the brand "Island View Shippin
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. About Grindrod Shipping Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The drybulk business, which operates under the brand "Island View Shipping" ("IVS") includes a Core Fleet of handysize and supramax/ultramax drybulk carr
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 su