CEO Martyn Wade and CFO Stephen Griffiths of Grindrod Shipping (GRIN), a dry bulk shipping company focused on the small and mid-sized segments, joined J Mintzmyer's Value Investor's Edge Live on 4 March 2021 to discuss the rapidly improving market outlook and company specific plans.
GRIN is significantly benefiting from surging rates and should see a very strong first half of 2021 with hopeful follow-through in subsequent reporting periods. Dry bulk overall has been in a broad bear market since 2011 and there are many signs of green shoots as worldwide demand improves while the supply via new orders remains near record lows.
Although GRIN is a smaller company, this interview contains relevant insights for investors in all other dry bulk companies, including: Diana Shipping (DSX), Eagle Bulk (EGLE), Genco Shipping (GNK), Golden Ocean (GOGL), Navios Partners (NMM), Safe Bulkers (SB), and Star Bulk Carriers (SBLK).
Topics Covered

(