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Grindrod Shipping Holdings Ltd. Ordinary Shares - GRIN STOCK NEWS

Welcome to our dedicated page for Grindrod Shipping Holdings Ltd. Ordinary Shares news (Ticker: GRIN), a resource for investors and traders seeking the latest updates and insights on Grindrod Shipping Holdings Ltd. Ordinary Shares stock.

Grindrod Shipping Holdings Ltd. Ordinary Shares (symbol: GRIN) is a prominent shipping company, originally established in South Africa in 1910. The company is now headquartered in Singapore, with a global presence that includes offices in London, Durban, Cape Town, Tokyo, and Rotterdam. It is primarily listed on NASDAQ and has a secondary listing on the Johannesburg Stock Exchange (JSE).

Grindrod Shipping operates globally through two key brands: Island View Shipping (IVS) and Unicorn Shipping. IVS specializes in the transportation of dry bulk cargo, including minerals, coal, ores, and agricultural products. On the other hand, Unicorn Shipping focuses on liquid chemicals and clean petroleum products.

The company's fleet consists of modern, low-cost vessels that are either owned, chartered, or operated by IVS and Unicorn Shipping. These vessels are managed both commercially and technically in-house. The technical department is robust, with an experienced team based in Singapore and Durban. This team includes six master mariners and ten Class 1 marine engineers, ensuring efficient and safe operations.

Grindrod Shipping's financial performance is reflected in its revenue streams, which are primarily derived from the charter hire of ships and freight revenue. The company's modern fleet includes dry bulk carriers divided into handysize and supramax categories, as well as a tanker.

Recent achievements and ongoing projects highlight the company's commitment to operational excellence and growth. Grindrod Shipping continuously seeks strategic partnerships to enhance its market position and expand its services.

For the latest updates and relevant information about Grindrod Shipping's performance, events, and developments, investors and stakeholders can look for news and financial reports that provide insights into the company's EBITDA and adjusted EBITDA.

Rhea-AI Summary
Grindrod Shipping Holdings Ltd. (GRIN) announced its earnings results for the three months and nine months ended September 30, 2023. Revenues of $112.5 million and $298.3 million were reported for the respective periods. The company reported a loss for the period and attributable to owners of the Company of $8.5 million and $7.2 million for the three months and nine months, respectively. Adjusted EBITDA of $11.2 million and $51.2 million was reported for the three months and nine months, respectively.
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Grindrod Shipping Holdings Ltd. (GRIN) to Release Q3 2023 Earnings Results
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Grindrod Shipping Holdings announces completion of various transactions including the sale of bulk carriers and repayment of debt.
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Grindrod Shipping Holdings announces effective date of proposed capital reduction and cash distribution
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Grindrod Shipping Holdings announces acquisition of Taylor Maritime Management Limited and Tamar Ship Management Limited. Total consideration of approximately US$11.75 million. Acquisition expected to increase revenue streams and achieve better returns for shareholders.
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Grindrod Shipping Holdings announces earnings results for Q2 2023
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Grindrod Shipping Holdings Ltd. to release earnings results for Q2 2023 on Sept. 5, 2023.
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FAQ

What is the current stock price of Grindrod Shipping Holdings Ltd. Ordinary Shares (GRIN)?

The current stock price of Grindrod Shipping Holdings Ltd. Ordinary Shares (GRIN) is $14.11 as of August 15, 2024.

What is the market cap of Grindrod Shipping Holdings Ltd. Ordinary Shares (GRIN)?

The market cap of Grindrod Shipping Holdings Ltd. Ordinary Shares (GRIN) is approximately 279.5M.

What does Grindrod Shipping Holdings Ltd. specialize in?

Grindrod Shipping specializes in the transportation of dry bulk cargo and liquid chemicals.

Where is Grindrod Shipping Holdings Ltd. headquartered?

The company is headquartered in Singapore.

On which stock exchanges is Grindrod Shipping listed?

It is listed on NASDAQ and the Johannesburg Stock Exchange (JSE).

What are the two brands under which Grindrod Shipping operates?

Island View Shipping (IVS) and Unicorn Shipping.

What types of cargo does Island View Shipping handle?

Island View Shipping handles dry bulk cargo such as minerals, coal, ores, and agricultural products.

What types of cargo does Unicorn Shipping handle?

Unicorn Shipping handles liquid chemicals and clean petroleum products.

How is Grindrod Shipping's fleet managed?

The fleet is managed both commercially and technically in-house.

Where are Grindrod Shipping's technical departments located?

Their technical departments are located in Singapore and Durban.

What are the revenue streams for Grindrod Shipping?

The company's revenue comes from charter hire of ships and freight revenue.

How can I stay updated with the latest news about Grindrod Shipping?

You can stay updated by following their news releases and financial reports.

Grindrod Shipping Holdings Ltd. Ordinary Shares

Nasdaq:GRIN

GRIN Rankings

GRIN Stock Data

279.54M
3.48M
100%
1.89%
0.02%
Marine Shipping
Industrials
Link
United States of America
Singapore