SINGAPORE - Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services in the drybulk and liquid-bulk sectors, announced it will begin trading today on NASDAQ under the ticker symbol “GRIN.”
Grindrod Shipping holds the shipping business spun out of Grindrod Limited, a company listed on the Johannesburg Stock Exchange (JSE:GND). Following the listing, Grindrod Shipping will be an independent, publicly traded company with separate public ownership.
Martyn Wade, Chief Executive Officer of Grindrod Shipping, commented, “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.”
To celebrate this milestone, the Company’s senior management will ring the NASDAQ Opening Bell. The ceremony will take place at 9:30 am EDT (3:30 pm CEST) at the NASDAQ MarketSite in the heart of Times Square in New York City and will be broadcast live.
