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Grindrod Shipping Holdings Ltd. (GRIN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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4.0900-0.0100 (-0.24%)
At close: 4:00PM EST
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Previous Close4.1000
Open4.1100
Bid3.9300 x 4000
Ask4.1300 x 1000
Day's Range4.0800 - 4.2400
52 Week Range2.0250 - 7.3000
Volume1,711
Avg. Volume21,781
Market Cap77.738M
Beta (5Y Monthly)0.95
PE Ratio (TTM)N/A
EPS (TTM)-1.8480
Earnings DateAug. 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est6.23
  • Grindrod Shipping Holdings' (NASDAQ:GRIN) Shareholders Are Down 42% On Their Shares
    Simply Wall St.

    Grindrod Shipping Holdings' (NASDAQ:GRIN) Shareholders Are Down 42% On Their Shares

    While it may not be enough for some shareholders, we think it is good to see the Grindrod Shipping Holdings Ltd...

  • Grindrod Shipping Holdings Ltd. Announces Fleet Update – Sale of IVS Triview
    GlobeNewswire

    Grindrod Shipping Holdings Ltd. Announces Fleet Update – Sale of IVS Triview

    SINGAPORE, Nov. 06, 2020 (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 in the drybulk and product tanker sectors, announced that a joint venture in which the Company holds a 51% share has completed the sale of the 2009-built handysize drybulk vessel IVS Triview to an unaffiliated third party, for a gross price of approximately $7.85 million. The vessel was delivered to her new owners on November 2, 2020. The sale of the IVS Triview will result in the winding up of the joint venture and eventual return of shareholder capital once the associated liabilities have been repaid. Following the sale and windup, the Company is pleased to report it no longer has any owned vessels in unconsolidated joint ventures. About Grindrod Shipping Holdings Ltd.Grindrod Shipping owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels and product tankers. The drybulk business, which operates under the brand “Island View Shipping” (“IVS”) includes a fleet of 15 handysize drybulk carriers and 15 supramax/ultramax drybulk carriers on the water with one chartered-in ultramax drybulk carrier under construction in Japan due to be delivered between 4Q 2020 and 1Q 2021. The tanker business, which operates under the brand “Unicorn Shipping” (“Unicorn”) includes a fleet of three medium range tankers and one small tanker. The Company is based in Singapore, with offices in London, Durban, Tokyo, Cape Town and Rotterdam. Grindrod Shipping is listed on NASDAQ under the ticker “GRIN” and on the JSE under the ticker “GSH”.  Forward-Looking Statements The statements in this press release that are not historical facts may be forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The forward-looking statements in this press release are based upon various assumptions, including, without limitation, Grindrod Shipping management's examination of historical trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, among others, those discussed in Grindrod Shipping's public filings with the SEC. Except as required by law, Grindrod Shipping undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.Company Contact: Martyn Wade / Stephen Griffiths CEO / CFO Grindrod Shipping Holdings Ltd. 200 Cantonment Road, 03-01 Southpoint Singapore, 089763 Email: ir@grindrodshipping.com    Website: www.grinshipping.comInvestor Relations / Media Contact: Nicolas Bornozis / Daniela Guerrero Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, N.Y. 10169 Tel.: (212) 661-7566 Fax: (212) 661-7526 Email: grindrod@capitallink.com

  • GlobeNewswire

    Leading Dry Bulk and Container Shipping Companies Presenting at Capital Link’s 12th Annual New York Maritime Forum, Wednesday & Thursday, October 14 & 15, 2020

    GLOBAL SHIPPING COMES TO NEW YORKNEW YORK, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Senior executives from leading publicly listed dry bulk and container shipping companies will discuss the trends, developments and outlook of the global commodities and shipping markets. The panels will take place at Capital Link’s 12th Annual New York Maritime Forum as a digital event on Wednesday & Thursday, October 14 & 15, 2020 from 8:00am – 4:00pm EST. The conference will feature senior executives from 49 leading maritime companies, financiers and industry participants. The event is organized in partnership with DNB and in cooperation with Nasdaq and NYSE.Registration is complimentary.1x1 meetings between shipping companies and institutional investors are available by video and audio conferencing. Please send all requests to shipping@capitallink.com.Traditionally the event features global industry leaders and attracts top level delegates from all over the world. The digital format of the event this year transforms NYMF into a truly global eventDRY BULK SECTOR PANEL 8:15 – 8:55AM New York Time • DAY 1 - Wednesday, October 14, 2020 Moderator: Mr. Nick Ristic, Lead Dry Bulk Analyst – Braemar ACM ShipbrokingPanelists: * Mr. John C. Wobensmith, President & CEO – Genco Shipping & Trading (NYSE: GNK) * Mr. Martyn Wade, CEO – Grindrod Shipping Holdings (NASDAQ: GRIN) * Mr. Ulrik Uhrenfeldt Andersen, CEO – Golden Ocean (NASDAQ: GOGL) * Mr. Polys Hajioannou, CEO – Safe Bulkers (NYSE: SB) * Mr. Stamatis Tsantanis, Chairman & CEO – Seanergy Maritime HoldingsCONTAINER SHIPPING SECTOR PANEL 9:35 – 10:15 AM New York Time • DAY 2 - Thursday, October 15, 2020 Moderator: Mr. Christian Wetherbee, Director, Airfreight, Surface & Shipping Research – Citi ResearchPanelists: * Mr. Jerry Kalogiratos, CEO – Capital Product Partners (NASDAQ: CPLP) * Mr. Evangelos Chatzis, CFO – Danaos Corporation (NYSE: DAC) * Mr. Aristides Pittas, Chairman & CEO – Euroseas & Eurodry (NASDAQ: EDRY) * Mr. George Youroukos, Executive Chairman – Global Ship Lease Inc. (NYSE: GSL) * Mr. Constantin Baack, CEO – MPC Container Ships ASAKEYNOTE SPEAKERS * The Honorable Mark Wesley Menezes, Under Secretary of Energy, United States Department of Energy * Dr. Grahaeme Henderson, Vice President, Shipping & Maritime, Shell International Trading and Shipping Ltd. * Mr. Rick Cotton, Executive Director, The Port Authority of New York & New Jersey * Ms. Angela Chao, Chair & CEO, Foremost GroupREGISTRATION Registration is complimentary. To register please go to the link below:  https://forumnymf2020.capitallink.com/FORUM OVERVIEW AND STRUCTURE This event is known for its large attendance by investors, owners and financiers. It is a meeting place for C-level Executives from the industry and the finance and investment communities involved with shipping. The Forum is held in New York City every year and examines the macroeconomic issues that are shaping and transforming the international shipping markets today. Due to the circumstance we are all facing today, our 2020 Forum will be held digitally.The Forum provides a comprehensive review and outlook of the various shipping markets, made more relevant by the release of companies' earnings. In addition, it discusses topics of critical relevance to the industry such as restructuring and consolidation, the various channels and methods of raising capital as well as the impact of new technologies and trading routes.Participants can interact live online in real time with Forum speakers and participants from around the globe, obtain the latest industry and market news, and arrange 1x1 meetings.Forum highlights: * Presentations/panel sessions will be delivered in real time video format * Exhibition hall with 38 digital booths ○  Visit our Sponsor booths to obtain the latest industry and financial reports, white papers, company videos, latest presentations and more ○  All materials can be saved into your briefcase and reviewed at your convenience * Live networking in real time with speakers, sponsors and participants * Request 1x1 meetings with shipping companies and sponsors ○  Shipping Company meetings reserved for institutional investors ○  Meetings will be conducted by videoconferencing or conference callsTARGET AUDIENCE The target audience includes institutional investors and analysts, private equity investors, commercial and investment bankers, financial advisors, financial and trade media, and other qualified investors.SPONSORS ORGANIZED IN PARTNERSHIP WITH: DNB IN COOPERATION WITH: New York Stock Exchange • NASDAQ • New York Economic Development Corporation (NYCEDC) • The Port Authority of NY & NJ GLOBAL LEAD SPONSOR: Tsakos Energy Navigation Ltd. GLOBAL GOLD SPONSORS: Columbia Shipmanagement • DNV GL GLOBAL SPONSORS: Braemar Naves • Citi • CMB Financial Leasing • InvestHK • Hong Kong Maritime and Port Board • Reed Smith LLP • Seward & Kissel LLP EVENT SPONSORS: Ascension • Cadwalader, Wickersham & Taft LLP • Clyde & Co • Orrick • RMK • Tufton Oceanic • VedderPrice • Wartsila SUPPORTING SPONSORS: Ardmore Shipping • Capital Product Partners L.P. • d’Amico International Shipping S.A. • Danaos • Diamond S Shipping • Dorian LPG • Dynagas LNG Partners LP • Eurodry Ltd. • Euroseas Ltd. • Global Ship Lease Inc. • Grindrod Shipping • International Seaways • MPC Container Ships ASA • Pyxis Tankers • Ridgebury Tankers • Safe Bulkers, Inc. • Scorpio Bulkers • Scorpio Tankers • Seanergy Maritime Holdings • Star Bulk Carriers Corp. • Flott & Co. PC. SUPPORTING ORGANIZATIONS: International Maritime Law Institute (IMLI) • NYMAR • WISTA Hellas MEDIA PARTNERS: Marine Circle • Ship Management International • Ship2Shore • Xinde Marine NewsFOR MORE INFORMATION Please visit: http://forums.capitallink.com/shipping/2020NYmaritime/ Or, contact Nicolas Bornozis at forum@CapitalLink.com or + 1 212 661 7566ORGANIZER – CAPITAL LINK, INC. Founded in 1995, Capital Link is a New York based investor relations, financial communications and advisory firm with a strategic focus on the maritime, commodities and energy sectors, MLPs, as well as Closed-End Funds and ETFs. In addition, Capital Link organizes a series of investment conferences a year in key industry centers in the United States, Europe and Asia, all of which are known for combining rich educational and informational content with unique marketing and networking opportunities. Capital Link is a member of the Baltic Exchange. Based in New York City, Capital Link has presence in London, Athens & Oslo.