Ship sales and debt repayments – Grindrod Shipping Holdings announced the completion of the sale of two bulk carriers and the sale of two other bulk carriers that are expected to be completed soon. The total proceeds from the sales are expected to be around $57.3 million, and the company plans to use a portion of these proceeds to repay debts. The company aims to repay the remaining outstanding amount on their $100 million senior secured credit facility, which is set to mature in May 2023.
Click here to read the SENS