Grindrod Shipping Holdings Ltd. announced that on December 11, 2023, the company entered into agreements to charter-in two ultramax drybulk vessels. The vessels are expected to deliver in first quarter of 2024 and second quarter of 2024 and will be chartered-in for a minimum of one year. On December 22, 2023, the company extended the firm charter-in period of the 2014-built supramax bulk carrier IVS Crimson Creek for approximately 12 months.

The company announced that on January 17, 2024, the company entered into a contract to sell the 2007-built handysize bulk carrier, IVS Kingbird, for $10.4 million (before costs), effectively a 1.5% premium to carrying value. Delivery to her new owners expected on or before February 29, 2024. This vessel is unencumbered.

The company can provide no assurances that the delivery will take place by that time or at all.