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Private company

Grindrod Shipping Holdings Ltd.

Deep Sea Foreign Transportation of Freight company1

In its 2024 annual report (Form 20-F) the company says: “We are an international shipping company that owns, charters-in and operates a fleet of drybulk carriers. Our owned vessels are held in wholly owned subsidiaries but historically we owned some of our vessels in a consolidated joint venture arrangement. We operate in the drybulk carriers business, which is further divided into handysize, supramax/ultramax, and other operating segments.”14

Last updated Oct 21, 2026.

Overview

$387.1MRevenue, fiscal 20232
-$9.6MNet income, fiscal 20232
  • IndustryDeep Sea Foreign Transportation of Freight1
  • HeadquartersU01
  • Incorporated inSingapore3
  • Business address1 Temasek Avenue, Millenia Tower #10-02, Singapore, U0 0391923
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

10.2%Gross margin2
-2.5%Net margin2
-15.9%Revenue growth, 20232
-3.9%Return on equity2
0.50×Debt to equity2
$154.5MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs95¢$369.3M
  • Interest4¢$17.1M
  • Income tax0¢$683.0K

Out of $387.1M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending0¢$652.0K
  • Dividends paid1¢$1.2M
  • Kept or used elsewhere99¢$153.3M

Out of $155.1M of cash from operations.2

Financial statements

Revenue456782$387.1M in 2023+4% since 2016
0$200.0M$400.0M$600.0M2016: $371.5M$371.5M20162017: $409.5M$409.5M2017+10%2018: $319.0M$319.0M2018−22%2019: $272.3M$272.3M2019−15%2020: $210.7M$210.7M2020−23%2021: $455.8M$455.8M2021+116%2022: $460.5M$460.5M2022+1%2023: $387.1M$387.1M2023−16%
Gross profit456782$39.4M in 2023+579% since 2016
0$50.0M$100.0M$150.0M$200.0M2016: $5.8M$5.8M20162017: $22.1M$22.1M2017+281%2018: $11.1M$11.1M2018−50%2019: $11.0M$11.0M2019−1%2020: $4.1M$4.1M2020−63%2021: $176.9M$176.9M2021+4262%2022: $166.8M$166.8M2022−6%2023: $39.4M$39.4M2023−76%
Net income456782-$9.6M in 2023−78% since 2016
-$100.0M-$50.0M0$50.0M$100.0M$150.0M2016: -$43.7M-$43.7M20162017: -$60.8M-$60.8M2017+39%2018: -$20.6M-$20.6M2018−66%2019: -$43.5M-$43.5M2019+111%2020: -$41.1M-$41.1M2020−5%2021: $129.5M$129.5M20212022: $103.4M$103.4M2022−20%2023: -$9.6M-$9.6M2023
Fiscal year20162017201820192020202120222023
Revenue$371.5M4$409.5M5$319.0M6$272.3M7$210.7M8$455.8M2$460.5M2$387.1M2
Gross profit$5.8M4$22.1M5$11.1M6$11.0M7$4.1M8$176.9M2$166.8M2$39.4M2
Interest$12.3M2$17.1M2$17.1M2
Income before tax$132.5M2$104.1M2-$8.9M2
Income tax-$118.0K2$757.0K2$683.0K2
Net income-$43.7M4-$60.8M5-$20.6M6-$43.5M7-$41.1M8$129.5M2$103.4M2-$9.6M2
Earnings per share-$2.294-$3.195-$1.086-$2.297-$2.058$6.212$5.452-$0.492
Earnings per share (diluted)-$2.297-$2.058$5.942$5.452-$0.492
Shares (weighted, basic)19.2M shares218.9M shares219.5M shares2
Shares (weighted, diluted)20.0M shares218.9M shares219.5M shares2

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Corporate structure

Grindrod Shipping Holdings Ltd. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Grindrod Shipping Holdings Ltd.

  • Grindrod Shipping Holdings Ltd. U0

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Grindrod Shipping Holdings Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$303.2M2 Dec 31, 2023$407.6M2 Dec 31, 2022−25.6%
Operating-lease assets (leased space)$35.2M2 Dec 31, 2023$26.0M2 Dec 31, 2022+35.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$55.2M2 Dec 31, 2023$46.6M2 Dec 31, 2022+18.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.9M2 Dec 31, 2023$02 Dec 31, 2022
Intangible assets, net (excluding goodwill)$4.9M2 Dec 31, 2023$186.0K2 Dec 31, 2022+2538.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$10.8M2 Dec 31, 2023$15.3M2 Dec 31, 2022−29.6%

Former names

  • Grindrod Shipping Holdings Pte. Ltd.Jan 9, 2018 to Apr 6, 20183

Filings

127 filings to the SEC since October 2021: 3 annual reports, 11 large holders, 113 other. The latest 20:

  1. Aug 26, 202415-12G EDGAR
  2. Aug 16, 2024SC 13E3/A FORM 13E3/A EDGAR
  3. Aug 16, 202425 EDGAR
  4. Aug 16, 20246-K EDGAR
  5. Aug 16, 2024SC 13D/A EDGAR
  6. Aug 6, 20246-K EDGAR
  7. Jul 26, 2024EFFECT EDGAR
  8. Jul 26, 20246-K EDGAR
  9. Jul 23, 20246-K EDGAR
  10. Jul 22, 2024S-8 POS EDGAR
  11. Jul 22, 2024S-8 POS EDGAR
  12. Jul 22, 2024POS AM EDGAR
  13. Jul 19, 20246-K EDGAR
  14. Jul 17, 20246-K EDGAR
  15. Jun 20, 20246-K EDGAR
  16. May 28, 2024CORRESP EDGAR
  17. May 28, 2024SC 13E3/A SCHEDULE 13E3/A EDGAR
  18. May 24, 2024UPLOAD EDGAR
  19. May 14, 2024SC 13E3 SCHEDULE 13E3 EDGAR
  20. May 14, 20246-K EDGAR

The 127 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Grindrod Shipping Holdings Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGrindrod Shipping Holdings Ltd.1
  • CIK0001725293
  • Filer statusNon-accelerated filer<br>emerging growth company1
  • Incorporated inSingapore1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1 Temasek Avenue, Millenia Tower #10-02, Singapore, U0 0391921
  • Phone65 6632 13151
  • Shares outstanding19,685,590 as of Dec 31, 20232
  • On EDGAR sinceJan 9, 20181
  • Filings251 in all: 6-K (153), UPLOAD (10), CORRESP (8), SC 13D/A (7), SC 13E3/A (7), SC 13G/A (7), 20-F (6), SC 13G (5)1
    All 33 form types

    SC14D9C (5), 20FR12B/A (4), SC 13D (4), DRSLTR (3), SC 13E3 (3), SC 14D9/A (3), SC TO-C (3), 424B7 (2), CERT (2), EFFECT (2), S-8 (2), S-8 POS (2), 15-12G (1), 20FR12B (1), 25 (1), 3 (1), 8-K (1), CT ORDER (1), DRS (1), DRS/A (1), F-3 (1), F-3/A (1), POS AM (1), SC 14D9 (1), SC TO-T/A (1)

  • Latest filingsAnnual report (20-F) Mar 27, 2024
    Latest 8-K (8-K) Dec 11, 2020

Sources

The numbers on this page point here. Each one links to the record it came from.

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