Singapore-based Grindrod Shipping’s administrators revealed their disappointment at the Grindrod Shipping’s weak share price. Currently, New York and Singapore listed bulker and tanker shipowner Grindrod Shipping’s shares are trading at less than half of its Net Asset Value (NAV).
CEO Martyn Wade led Grindrod Shipping appears to experience a more prominent discount. Bulk shipping markets are up 50% in the last few months, but shipping companies’ share prices have gone depressed. Grindrod Shipping has been striving to clarify the Grindrod Shipping’s story in order to completely present the Grindrod Shipping’s financial accomplishment.
South African tanker and dry bulk shipowner Grindrod Shipping has the option to buy back shares and might be examining in the near future. Grindrod Shipping’s top executives are confident that Grindrod Shipping’s efforts to clean up the structure of the company will ultimately pay dividends.
Grindrod Shipping has completed the Leopard Tankers and Petrochemical Shipping joint ventures while allowing the company to obtain control of IVS Bulk. Consequently, capital structure and operations would be easy for investors to appraise.
Grindrod Shipping is corresponding to the installation of exhaust gas scrubbers on its fleet and will use IMO 2020 compliant fuels. Grindrod Shipping has not been indoctrinated that the financial gain on the scrubber installation cost will be adequately attractive in the handy, supramax, and ultramax segments.
South African tanker and dry bulk shipowner Grindrod Shipping has been contemplating to spin off its shipping business in an international IPO (Initial Public Offering). Grindrod Shipping’s BOD (Board of Directors) proposes to make its ultimate verdict about IPO in early 2018. In August 2017, South African Johannesburg listed Grindrod Shipping estimated that its share price did not reproduce the amount of the shipping business. Grindrod Shipping has a fleet of 42 dry bulk carriers, tankers, and barges.