Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
21 Février 2024 - 10:30PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13A-16 OR 15D-16 OF THE
SECURITIES
EXCHANGE ACT OF 1934
For the month of February 2024
Commission File Number 001-38440
Grindrod Shipping Holdings Ltd.
#10-02 Millenia Tower
1 Temasek Avenue
Singapore 039192
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On February 21, 2024,
Grindrod Shipping Holdings Ltd. (the “Company”) issued a press release announcing that it will release its
financial results for the second half and full year ended December 31, 2023 on Wednesday, February 28, 2024. A copy of the press
release is filed as Exhibit 99.1 to this Report on Form 6-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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GRINDROD SHIPPING HOLDINGS LTD. |
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Dated: February 21, 2024 |
/s/ Edward Buttery |
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Name: Edward Buttery |
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Title: Chief Executive Officer |
Exhibit 99.1
GRINDROD SHIPPING HOLDINGS LTD. ANNOUNCES DATE FOR
UNAUDITED FINANCIAL RESULTS FOR THE SECOND HALF
AND FULL YEAR
ENDED DECEMBER 31, 2023
Singapore, February 21, 2024: —
Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “we”
or “us” or “our”), a global provider of maritime transportation services predominantly in the drybulk sector,
today announced it will release its second half and full year 2023 earnings results for the period ended December 31, 2023 on Wednesday,
February 28, 2024, after market closing in New York. The Company will not be holding a conference call and webcast to discuss the results.
About Grindrod Shipping
Grindrod Shipping predominantly owns and operates
a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The drybulk business, which operates under the
brand “Island View Shipping” (“IVS”) includes a core fleet of handysize and supramax/ultramax drybulk carriers.
The Company is based in Singapore, with offices in London, Durban, and Tokyo. Grindrod Shipping is listed on NASDAQ under the ticker “GRIN”
and on the JSE under the ticker “GSH”.
Forward-Looking Statements
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act 1995 with respect to Grindrod Shipping’s financial condition,
results of operations, cash flows, business strategies, operating efficiencies, competitive position, growth opportunities, plans and
objectives of management, and other matters. These forward-looking statements, including, among others, those relating to our future
business prospects, revenues and income, are necessarily estimates and involve a number of risks and uncertainties that could cause actual
results to differ materially from those suggested by the forward-looking statements. Accordingly, these forward-looking statements should
be considered in light of various important factors, including those set forth below. Words such as “may,” “expects,”
“intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,”
and variations of such words and similar expressions are intended to identify forward looking statements. These forward-looking statements
are based on the information available to, and the expectations and assumptions deemed reasonable by Grindrod Shipping at the time these
statements were made. Although Grindrod Shipping believes that the expectations reflected in such forward-looking statements are reasonable,
no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many
of which are beyond the control of Grindrod Shipping. Actual results may differ materially from those expressed or implied by such forward-looking
statements. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking
statements include, without limitation, Grindrod Shipping’s future operating or financial results; the strength of world economies,
including, in particular, in China and the rest of the Asia-Pacific region; the effects of the COVID-19 pandemic on our operations and
the demand and trading patterns for the drybulk market, and the duration of these effects; cyclicality of the drybulk market, including
general drybulk shipping market conditions and trends, including fluctuations in charter hire rates and vessel values; changes in supply
and demand in the drybulk shipping industry, including the market for Grindrod Shipping’s vessels; changes in the value of Grindrod
Shipping’s vessels; changes in Grindrod Shipping’s business strategy and expected capital spending or operating expenses,
including drydocking, surveys, upgrades and insurance costs; competition within the drybulk industry; seasonal fluctuations within the
drybulk industry; Grindrod Shipping’s ability to employ its vessels in the spot market and its ability to enter into time charters
after its current charters expire; general economic conditions and conditions in the oil and coal industries; Grindrod Shipping’s
ability to satisfy the technical, health, safety and compliance standards of its customers; the failure of counterparties to our contracts
to fully perform their obligations with Grindrod Shipping; Grindrod Shipping’s ability to execute its growth strategy; international
political and economic conditions including additional tariffs imposed by China and the United States; potential disruption of shipping
routes due to weather, accidents, political events, natural disasters or other catastrophic events; vessel breakdowns; corruption, piracy,
military conflicts, political instability and terrorism in locations where we may operate, including the recent conflicts between Russia
and Ukraine and tensions between China and Taiwan; fluctuations in interest rates and foreign exchange; changes in the costs associated
with owning and operating Grindrod Shipping’s vessels; changes in, and Grindrod Shipping’s compliance with, governmental,
tax, environmental, health and safety regulations including the International Maritime Organization, or IMO 2020, regulations limiting
sulfur content in fuels; potential liability from pending or future litigation; Grindrod Shipping’s ability to procure or have
access to financing, its liquidity and the adequacy of cash flows for its operation; the continued borrowing availability under Grindrod
Shipping’s debt agreements and compliance with the covenants contained therein; Grindrod Shipping’s ability to fund future
capital expenditures and investments in the construction, acquisition and refurbishment of its vessels; Grindrod Shipping’s dependence
on key personnel; Grindrod Shipping’s expectations regarding the availability of vessel acquisitions and its ability to buy and
sell vessels and to charter-in vessels as planned or at prices we deem satisfactory; adequacy of Grindrod Shipping’s insurance
coverage; effects of new technological innovation and advances in vessel design; and the other factors set out in “Item 3. Key
Information-Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2022 filed with the Securities and
Exchange Commission on March 23, 2023. Grindrod Shipping undertakes no obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated
events except as required by law.
Company Contact: |
Investor Relations / Media Contact: |
Edward Buttery |
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CEO |
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Grindrod Shipping Holdings Ltd. |
Grindrod Shipping Holdings Ltd. |
1 Temasek Avenue, #10-02 Millenia Tower |
1 Temasek Avenue, #10-02 Millenia Tower |
Singapore, 039192 |
Singapore, 039192 |
Email: ir@grindrodshipping.com |
Email: ir@grindrodshipping.com |
Website: www.grinshipping.com |
Website: www.grinshipping.com |
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