Nasdaq-listed dry bulk and product tanker owner Grindrod Shipping is extending the firm charter-in period of the 2015-built supramax IVS Pinehurst.
The vessel, which is owned by Japan’s Nisshin Shipping, has been extended for 11 to 13 months from November 15, 2020.
Grindrod has a further option to extend the charter for an additional 11 to 13 months and also has a purchase option to acquire the vessel at a fixed price in the future.
Grindrod operates its bulkers under the Island View Shipping brand with a fleet of 15 handysizes and 15 supramax/ultramax bulkers.