Award-winning puppet play The Tower & the Tree coming to Durban during October school holidays iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services predominantly in the drybulk sector, announced its earnings results for the three months ended March 31, 2021, the three months ended June 30, 2021 and the six months ended June 30, 2021. Financial Highlights for the First Quarter of 2021 Ended March 31, 2021(1) .
Tanker Operator Grindrod Shipping announces completion of tanker sales and related debt repayments tankeroperator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tankeroperator.com Daily Mail and Mail on Sunday newspapers.
Grindrod completes sales of two of its medium-range tankers
By Edward West
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CAPE TOWN - GRINDROD Shipping Holdings, the JSE listed logistics group said yesterday that it had completed sales of the 2013-built medium-range tankers Leopard Moon and Leopard Sun.
In conjunction with the sales, approximately $24.7 million (R344.4m) debt remaining on the credit facility with NIBC Bank NV was repaid in full. The sales generated $17.9m in net proceeds after debt repayment with a further $2.7m release of restricted cash associated with the loan.
Last month’s sale of the 2009-built small tanker Breede, which constituted part of the security package for the group’s $100m senior secured credit facility and was released from the security package in connection with the closing of the transaction.
Sens announcement for GRINDROD SHIPPING HOLDINGS LIMITED – Completion of Tanker Sales and Related Debt RepaymentsTotaling Approximately $54.3 Million - SENS