Grindrod Shipping Holdings begins trading on NASDAQ

Grindrod Shipping Holdings Ltd, a global provider of maritime transportation services in the drybulk and liquid-bulk sectors, announced it will begin trading on NASDAQ. The company will be using the ticker symbol “GRIN”. The company will also have a listing on the Johannesburg Stock Exchange under the ticker “GSH”.

Following the listing, Grindrod Shipping will be an independent, publicly traded company with separate public ownership. To celebrate, the Company’s senior management will ring the NASDAQ Opening Bell in New York.

Based in Singapore, Grindrod Shipping has offices in London, Durban, Cape Town, Tokyo and Rotterdam. The company owns and operates a fleet of owned, long-term chartered-in and joint-venture owned drybulk and liquid-bulk vessels across the world.

Martyn Wade, Chief Executive Officer of Grindrod Shipping, said: “Grindrod has been involved in various segments of the shipping and transport industry for more than 100 years. As a separate and independent entity, Grindrod Shipping will be able to pursue a growth strategy focusing only on the shipping business to maintain and enhance our position as a successful owner and operator of drybulk carrier and tanker vessels. New York has been the destination of choice for the majority of global shipping companies and we are pleased to join the NASDAQ platform as we position the company for the next phase of its development.”

For more information, visit: www.grindrod.co.za

9th July 2018