Grindrod Shipping continues to upgrade its fleet, selling older vessels and acquiring more modern tonnage.
The Singapore shipowner said it has agreed to sell the 32,600-dwt IVS Kingbird (built 2007) for $10.4m, which it said was “effectively a 1.5% premium to carrying value”.
Delivery to the new owner is expected before the end of February, the company said in a regulatory filing.
The US-listed shipowner also confirmed that it had exercised the purchase option on the 60,300-dwt IVS Naruo (built 2014) for around $12m for delivery in the summer.
According to VesselsValue, the Japan Marine United-built ship is worth more than $24.8m.
Grindrod said it had also entered into agreements to charter in two unspecified ultramax bulkers in deals agreed in early December.
“The vessels are expected to deliver in the first and second quarters of 2024 and will be chartered in for a minimum of one year,” it added, without revealing charter rates.
Finally, the company said it had extended the firm charter-in period of the 57,900-dwt IVS Crimson Creek (built 2014) by a further 12 months in a deal agreed just before Christmas.
Grindrod Shipping has a diversified fleet of owned and long-term and short-term chartered-in bulkers.
The company is owned by Taylor Maritime Investments following a takeover in December 2022. Ed Buttery is CEO of both companies.
