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Grindrod Shipping Holdings Ltd - GRIN STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grindrod Shipping Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grindrod Shipping Holdings's position in the market.

Rhea-AI Summary
Grindrod Shipping Holdings announces a proposed Selective Capital Reduction exercise for Shareholders, offering a cash distribution of US$14.25 per Participating Share. The exercise aims to reduce total issued shares by approximately 17.67%, funded from existing cash reserves. The proposal is conditional on various regulatory approvals and court orders. The initiative provides Participating Shareholders with a premium exit opportunity, offering certainty and avoiding additional costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.51%
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Rhea-AI Summary
Grindrod Shipping Holdings Ltd. announced its second half and full year 2023 earnings results, showcasing revenues of $201.2 million and $387.1 million respectively. Despite a loss for the period, the company reported adjusted EBITDA of $24.8 million and $64.7 million for the respective periods. Operational highlights include various vessel acquisitions and sales, as well as capital reduction plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
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Rhea-AI Summary
Grindrod Shipping Holdings Ltd. to release second half and full year 2023 earnings results on February 28, 2024, after market closing. No conference call or webcast planned.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
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Rhea-AI Summary
Grindrod Shipping Holdings Ltd. announced completion of several transactions, including exercising purchase option on a supramax bulk carrier, delivering a handysize bulk carrier, completing share capital reduction, entering agreements to charter-in two ultramax drybulk vessels, extending firm charter-in period of a supramax bulk carrier, and entering a contract to sell a handysize bulk carrier. The company also provided financial details and delivery expectations for each transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
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none
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
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Rhea-AI Summary
Grindrod Shipping Holdings Ltd. (GRIN) to Release Q3 2023 Earnings Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
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Rhea-AI Summary
Grindrod Shipping Holdings announces completion of various transactions including the sale of bulk carriers and repayment of debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.71%
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Rhea-AI Summary
Grindrod Shipping Holdings announces effective date of proposed capital reduction and cash distribution
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End-of-Day
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
Grindrod Shipping Holdings announces earnings results for Q2 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.63%
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Grindrod Shipping Holdings Ltd

Nasdaq:GRIN

GRIN Rankings

GRIN Stock Data

268.51M
3.45M
82.33%
1.14%
0.05%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Singapore
200 Cantonment Road

About GRIN

grindrod shipping holdings ltd. grindrod shipping, originated in south africa with roots dating back to 1910. the company is based in singapore, with offices around the world including, london, durban, cape town, tokyo and rotterdam. its primary listing is on nasdaq and secondary listing on the jse. grindrod shipping trades globally under two key brands - island view shipping and unicorn shipping. its modern, low cost fleet of dry bulk vessels and products and chemical tankers are owned, chartered and operated by ivs and unicorn shipping respectively. ivs is focused on moving dry bulk cargo such as minerals, coal, ores and agricultural products whilst unicorn shipping is focused on moving liquid chemicals and clean petroleum products. the vast majority of the fleet is commercially and technically managed in-house. the technical department employs a large team of experienced and qualified managers in singapore and durban, including six master mariners and 10 class 1 marine engineers who