Grindrod Shipping Holdings Ltd., a global provider of maritime transportation services predominantly in the drybulk sector, announced the following transactions.
We entered into a contract to sell the 2016-built medium range product tanker, Matuku, for $30.0 million (before costs). In anticipation of the sale, we have exercised the purchase option for Matuku under her existing lease financing arrangement at a cost of $25.4 million following the expiration of the bareboat charter under which the vessel operated. Delivery to us is expected on or about May 30, 2022 before onward delivery to her new owners planned on or about June 1, 2022.
We exercised the purchase option on the chartered-in 2015-built supramax bulk carrier, IVS Pinehurst, for an amount of $18.0 million with delivery planned on or about June 18, 2022. The vessel will remain chartered-in at her original contract rate until delivery to us.
We agreed to extend the long-term charter on the 2014-built supramax bulk carrier, IVS Crimson Creek, for a period of 11 to 13 months at a net charter-in rate of $26,276 per day commencing on May 1, 2022.
