Grindrod Shipping

Grindrod Shipping Holdings Announced Sale of Three Tankers

Singapore-headquartered Grindrod Shipping Holdings has announced the sale of three tankers via two separate transactions, reports BMGlobal.

About The Deal

The 2013-built MR2 tankers Leopard Moon and Leopard Sun have been sold for $21.4m each, with delivery expected by April 30. The vessels are valued at $21.52m and $22.18m according to VesselsValue, which lists the buyer as Norway’s Sole Shipping.

Grindrod has also contracted to sell 2009-built small tanker Breede for $6.8m, again with delivery...

https://mfame.guru/grindrod-shipping-holdings-announced-sale-of-three-tankers/

Strange Q1 For Dry Bulk Shipping As Smaller Bulkers Earned More Than Capesizes

It has been a particularly strange Q1 for dry bulk shipping. Usually, the larger ships — Capesizes with capacities of around 180,000 deadweight tons (DWT) that carry iron ore and coal — do poorly all quarter. This year, they did better in January than they had in a decadebefore succumbing to their usual slump, reports Freight Waves.

An odd occurrence

Then came another oddity: The smaller bulkers began earning much more money than the Capesizes. As of Tuesday, Handysize bulkers (up to 35,000...

https://mfame.guru/strange-q1-for-dry-bulk-shipping-as-smaller-bulkers-earned-more-than-capesizes/

Grindrod Shipping Seals Transaction With a Japanese Ship Owner

  • Nasdaq-listed Grindrod Shipping has sealed a sale and leaseback transaction with a Japanese ship owner. 
  • The transaction is for 2010-built 33,100 dwt handysize dry bulk carrier IVS Knot. 
  • Vessel was sold for $13m having a bareboat charter for a period of up to 11 years, with options to extend for up to two additional years. 
  • IVS Knot strengthens Grindrod Shipping’s liquidity by approximately $13.8 million. 
  • Strategic alternatives for IVS Bulk are still under discussion. 

Nasdaq-listed Grindrod...

http://mfame.guru/grindrod-shipping-seals-transaction-with-a-japanese-ship-owner/

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