Grindrod Shipping Holdings Ltd. Announces Fleet Updates and Further Share Repurchases
Grindrod Shipping Holdings Ltd. - Ordinary Shares (GRIN)
Company Research
Source: GlobeNewswire
SINGAPORE, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or the "Company" or “it” or “we”), a global provider of maritime transportation services in the drybulk and product tanker sectors, announced a number of transactions relating to its fleet and further share repurchases. The prevailing charter agreement for our long-term bareboat chartered-out 2016-built Medium Range eco tanker, Matuku, includes a fixed period ending May 2020, with extension options in favor of the charterer. The Company and the existing charterer of the Matuku have mutually agreed to extend the period of the existing bareboat charter for a further two years until May 2022 at an increased charter rate. The prevailing charter in agreement for our long-term chartered-in 2015-built Japanese eco supramax vessel, IVS Augusta, includes a fixed period ending March 2020, with extension options covering a further two years at pre-determined charter rat
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