London-listed and Hong Kong-based shipowner and operator Taylor Maritime projects greater recycling activity for aging dry bulk ships amid the postponement of the International Maritime Organisation’s Net-Zero initiative.Taylor Maritime Limited, a global specialist in dry bulk shipping, has issued its unaudited financial and operational performance results for the quarter ended 30 September 2025.Chief Executive Officer Edward Buttery commented:“Since our last quarterly update, Taylor Maritime successfully concluded three additional ship disposals during the period and another immediately after, further enhancing our liquidity position following the full prepayment of all outstanding bank borrowings in July. Two additional transactions, already disclosed, are set to close before the end of December. Following the quarter’s end, Taylor Maritime also secured the sale of a Handysize ship at an advantageous premium to its Fair Market Value.Early summer brought a phase of subdued market sentiment, but by the close of the quarter, asset values rebounded strongly, nearly returning to March levels. Our medium-to-long-term outlook for the dry bulk sector remains constructive. Taylor Maritime continues to view its disciplined sale and purchase strategy as a core strength, offering stability amid volatile conditions. With a leaner fleet providing flexibility and controlled market exposure, we remain focused on further cost optimization. Supported by our substantial cash reserves, the Board will reassess capital allocation strategies toward year-end while sustaining our commitment to regular dividends.”Ship disposals reinforce Taylor Maritime’s liquidity position.Three previously announced transactions were finalized during the period and one additional sale concluded shortly after, generating an estimated $87.6 million in gross proceeds. Two more previously announced sales are scheduled for completion before the end of December 2025, expected to yield approximately $41.1 million.These disposals complement four earlier ship sales announced on 25 July 2025. Subsequent to the period, Taylor Maritime also finalized an opportunistic Handysize ship sale for $15.3 million, achieving a 2.6% premium to Fair Market Value.Since early 2023, Taylor Maritime has executed a total of 50 ship disposals, including 23 in the 2025 calendar year, under its structured divestment programme. These deals, averaging around a 3.0% discount to Fair Market Value, will have collectively generated approximately $822.2 million once all pending sales are completed.Fleet structure and asset valuation.At the end of the reporting period, Taylor Maritime’s owned fleet consisted primarily of Japanese-built ships, which will reduce to seven once pending transactions close. The fleet’s average age stood at 10.8 years, with a typical carrying capacity of about 44,000 dwt. The firm also owns one ship through a joint venture and controls five additional ships under long-term charter arrangements.The Fair Market Value of the owned fleet rose by around 3.6% on a like-for-like basis from the previous quarter to roughly $207.6 million, reflecting strengthening asset values across both Handysize and Supra/Ultramax segments amid firmer freight conditions.A stronger freight environment supports financial and operational performance.Taylor Maritime reported net charter revenue of $31.1 million, translating to a fleet-wide time charter equivalent (TCE) of $13,066 per day, compared with $64.1 million and $14,210 per day, respectively, in the same period last year, owing to a smaller active fleet.The quarter closed with a net loss of $20.8 million, or $0.06 per share, including vessel impairment and disposal losses totaling $18.3 million and depreciation of $10.6 million.Due to higher forward cover taken in advance of the anticipated seasonal lull, the Supra/Ultramax fleet underperformed its benchmark by $1,173 per day (–7.7%) for the period. Conversely, the Handysize fleet slightly exceeded its index by $35 per day (0.3%) thanks to resilient demand driven by record grain exports from South America and consistent Chinese import volumes.At present, 86% of the current fiscal year’s ship days are covered at an average TCE of $14,026 per day, with further coverage being secured as freight levels remain firm. A strengthened balance sheet provides Taylor Maritime with strategic flexibility.Cash and cash equivalents totaled $139.2 million at quarter-end, while other net assets—including Taylor Maritime’s joint venture ship investment—stood at $23.2 million. After repaying all bank borrowings in July 2025, total outstanding debt was $41.5 million as of 30 September 2025 (down from $98.4 million at 30 June 2025), consisting entirely of sale-and-leaseback obligations and a $22.4 million purchase option scheduled to expire in due course.Taylor Maritime’s debt-to-gross assets ratio was 10.6% at 30 September 2025, or 4.9% excluding the purchase option. Right-of-Use (ROU) assets and related lease liabilities were both reported at $7.5 million.Shareholders are reminded that Taylor Maritime provides the option to receive dividend payments in sterling instead of US dollars, as noted at the end of this statement.Dry bulk market review and forward outlook.The dry bulk market strengthened notably after a muted first half of 2025, with the Baltic Supramax Index (BSI) and Baltic Handysize Index (BHSI) increasing by 49% and 23% respectively quarter-on-quarter. The rebound was primarily supported by strong US Gulf corn exports and robust grain shipments from East Coast South America to China. Freight conditions have remained buoyant since the period’s end, aided by an extended ECSA grain export window and heightened Chinese forward contracting as Beijing seeks to diversify away from US-origin cargoes amid geopolitical strains.Secondhand geared ship values improved in line with firmer freight markets, though they remain below their 2024 highs.While overall sentiment has brightened, uncertainty persists regarding the seasonal absence of long-haul US-to-China grain flows typically seen in calendar Q4, which could temper Atlantic market strength. Additionally, escalating trade tensions—marked by the prospect of new US tariffs and China’s response via export restrictions and port fees targeting US-linked non-Chinese-built ships—continue to cloud the outlook.Even so, global manufacturing and industrial output remain steady, and constrained effective supply amid geopolitical realignments continues to lend support to freight levels.Despite concerns surrounding US–China decoupling and potential trade fragmentation, the supply landscape continues to point to a constructive medium-term outlook for geared tonnage.The high freight market has limited ship recycling so far, yet many older geared bulkers are nearing demolition age. Although the International Maritime Organisation’s global Net-Zero framework vote has been deferred by one year, the industry’s decarbonisation momentum is expected to drive gradual scrapping of inefficient ships, while modern fuel-efficient assets will continue to command a premium.Deliveries are projected to increase through 2025 and 2026, but overall fleet growth should remain moderate relative to historical averages. Shipyard utilization remains elevated across multiple sectors, and new bulk carrier contracting is down about 71% year-to-date, reflecting widespread caution amid regulatory and geopolitical uncertainty. 25-October-2025
London-listed and Hong Kong-based shipowner and operator Taylor Maritime, steered by Chief Executive Officer Edward Buttery, has reiterated that bulk carrier demolition activity should persist even as the International Maritime Organization (IMO) delays its vote on the long-term net-zero emissions framework. The UK-listed shipowner and operator Taylor Maritime emphasized that the broader maritime sector remains firmly aligned with decarbonisation goals, regardless of temporary regulatory pauses, and that the gradual phase-out of aging ships will continue to play a key role in achieving future carbon intensity targets. Founded in 2014 by Edward Buttery, Taylor Maritime has developed into one of the leading global shipowners in the geared bulk carrier segment, focusing primarily on handysize and supramax bulk carriers built in Japan. The Hong Kong-based shipowner and operator Taylor Maritime is well-known for its counter-cyclical investment strategy, disciplined capital allocation, and emphasis on modern, fuel-efficient ships. The group operates a fleet designed to maximize flexibility across global trade routes, including the carriage of grains, minor bulks, cement, and fertilizers—commodities that underpin the world’s dry bulk trade flows. Taylor Maritime noted that while the current strength in freight rates has temporarily slowed demolition activity, the underlying market fundamentals still favor the scrapping of older, less-efficient ships. The shipowner and operator highlighted that a substantial portion of the global geared dry bulk fleet is nearing the traditional retirement age, suggesting that a wave of recycling is likely to resume once market conditions stabilize. Taylor Maritime’s management believes that sustained replacement of outdated tonnage is not only necessary for maintaining fleet competitiveness but also crucial for the industry’s long-term transition toward sustainability and compliance with upcoming IMO emissions measures. Under Edward Buttery’s leadership, Taylor Maritime has established a reputation for prudent financial management and strategic agility. Since its listing on the London Stock Exchange, Taylor Maritime has remained one of the most active players in the sale and purchase (S&P) market, consistently optimizing its portfolio to capture value through selective acquisitions and timely divestments. The Hong Kong-based shipowner and operator has also demonstrated strong corporate governance, transparent reporting, and a commitment to generating consistent shareholder returns through a combination of asset trading gains and dividend distributions. In recent years, Taylor Maritime has also strengthened its presence in the geared bulk carrier segment through its investment in Grindrod Shipping Holdings Limited, enhancing its scale and operational reach. This partnership has provided both synergies and additional trading flexibility across Atlantic and Pacific markets. Taylor Maritime’s long-term strategy continues to focus on maintaining a high-quality, Japanese-built fleet while adhering to rigorous technical and environmental standards. The shipowner and operator has been actively assessing technological advancements in energy efficiency, including hull optimization, slow steaming practices, and potential adoption of alternative fuels, to ensure alignment with global decarbonisation pathways. Taylor Maritime’s forward-looking approach, coupled with its disciplined asset management and deep understanding of market cycles, has positioned it as one of the most respected names in the geared bulk carrier sector. While the IMO’s postponement of its net-zero roadmap has introduced uncertainty, Taylor Maritime believes that the momentum toward greener, more efficient operations is irreversible. The London-listed shipowner and operator underscored that regulatory delays will not deter responsible shipowners from modernizing their fleets, recycling older ships, and investing in cleaner technologies that define the future of global shipping. 24-October-2025
London-listed and Hong Kong-based shipowner and operator Taylor Maritime, under the leadership of Chief Executive Officer Edward Buttery, continues to demonstrate its prominence as one of the most dynamic and disciplined asset traders in the geared bulk carrier segment. Established in 2014 by Edward Buttery, Taylor Maritime has built a strong reputation for its expertise in acquiring and operating high-quality, Japanese-built handysize and supramax bulk carriers. The London-listed shipowner and operator Taylor Maritime has consistently focused on maintaining a modern, fuel-efficient fleet with an average age below that of the global handysize segment, ensuring operational efficiency and robust asset liquidity across volatile market cycles. Since 2023, Taylor Maritime has completed an impressive total of 50 ship disposals, reflecting a deliberate and strategic reshaping of its fleet amid favorable secondhand market conditions. The Hong Kong-based shipowner and operator Taylor Maritime’s sales activities have been characterized by disciplined capital recycling, enabling the firm to capture strong resale values during market upswings while continuing to strengthen its balance sheet and shareholder returns. This fleet optimization aligns with Taylor Maritime’s stated long-term focus on maintaining flexibility, minimizing leverage, and positioning for counter-cyclical investment opportunities when asset values moderate. The most recent round of disposals, finalized during and shortly after Q3 2025, includes four bulk carrier sales that collectively generated approximately $87.5 million in proceeds. Since the beginning of 2023, Taylor Maritime’s overall sales program has brought in nearly $822 million, with transactions completed at an average 3% discount to fair market valuations—underscoring the company’s ability to negotiate competitively in a fast-moving market. Among these transactions, one notable deal involved the opportunistic sale of a handysize bulk carrier for close to $15 million, achieving a 2.6% premium over market value and further validating Taylor Maritime’s reputation as a shrewd commercial operator. With these recent divestments, Taylor Maritime’s owned fleet is now streamlined to seven high-specification Japanese-built bulk carriers, supplemented by one jointly held ship through a joint venture arrangement and five chartered-in bulk carriers, providing operational agility and market responsiveness. Taylor Maritime’s asset-light approach and ongoing capital management strategy have been praised by market analysts for balancing near-term liquidity generation with long-term value creation, particularly amid fluctuating freight and asset cycles. Edward Buttery, Chief Executive Officer of the Hong Kong-based shipowner and operator Taylor Maritime, noted that market sentiment improved considerably toward the close of Q 2025, supporting a rebound in asset valuations to levels last observed in March 2025. “Our medium to long-term view of the geared bulk carrier market remains stable, and we are pleased with the progress of our fleet optimization and capital management strategy,” Chief Executive Officer Edward Buttery stated. He emphasized that Taylor Maritime’s disciplined sale and purchase activity has provided the group with “greater certainty and resilience in a volatile global environment,” allowing management to retain a flexible approach toward capital allocation and new investment decisions as the market evolves. Headquartered in Hong Kong with a London listing, Taylor Maritime operates with a global commercial footprint, leveraging strong relationships with Japanese shipyards, financial institutions, and technical managers. The shipowner and operator’s portfolio primarily focuses on eco-efficient Japanese-built bulk carriers, positioning the group to benefit from both strong resale demand and operational efficiency gains. Taylor Maritime has also maintained a substantial stake in Grindrod Shipping Holdings Limited, reflecting its long-term commitment to consolidating quality tonnage within the geared bulk carrier segment. As part of its corporate philosophy, Taylor Maritime prioritizes prudent financial management, steady dividend distributions, and sustainability-focused practices that ensure compliance with tightening IMO environmental standards. Through its agile asset trading strategy, sound corporate governance, and data-driven market assessments, Taylor Maritime continues to reinforce its standing as one of the leading shipowners and operators in the global handysize and supramax bulk carrier markets. 24-October-2025
London-listed and Hong Kong-based shipowner and operator Taylor Maritime, steered by Chief Executive Officer Ed Buttery, has reached a significant benchmark with the sale of its 50th bulk carrier, marking a remarkable achievement in its ongoing asset-recycling strategy. Following this latest transaction, Taylor Maritime’s fleet will decrease to 7 ships, yet the shipowner and operator remains in a solid financial position, maintaining considerable liquidity and robust cash reserves that continue to underpin its disciplined capital allocation strategy. Taylor Maritime, a wholly owned subsidiary of London Stock Exchange-listed Taylor Maritime Investments (TMI), has executed another bulk carrier sale, bringing its cumulative disposals since 2023 to an impressive total of 50 ships, reflecting the shipowner’s proactive approach to market cycles and its strong focus on maximizing shareholder returns through strategic fleet management. The Edward Buttery-led shipowner and operator Taylor Maritime finalized the sale of four bulk carriers during and immediately after Q3 2025, realizing aggregate proceeds of around $87.5 million. Founded in 2014 by Ed Buttery, Taylor Maritime has established itself as one of the leading players in the global geared bulk carrier sector, specializing in handysize and supramax bulk carriers. The shipowner and operator has built a reputation for its hands-on commercial management, prudent investment discipline, and ability to capitalize on asset appreciation during favorable market conditions. Taylor Maritime has also maintained a close alignment with Taylor Maritime Investments (TMI), which focuses on providing investors with income through exposure to the geared bulk carrier market. Over the years, Taylor Maritime has developed a strong commercial and technical management platform headquartered in Hong Kong, complemented by a presence in London, enabling it to manage fleet operations efficiently across global trading routes. The shipowner and operator’s strategy combines long-term charter cover with selective opportunistic sales, allowing it to unlock asset value while preserving flexibility to re-enter the market when secondhand prices become attractive. Under the continued leadership of Edward Buttery, Taylor Maritime remains committed to disciplined growth, balance-sheet strength, and creating sustainable long-term value for its shareholders through active fleet renewal and strategic capital deployment. 24-October-2025
Taylor Maritime Investments Chief Executive Officer Ed Buttery, who leads the London Stock Exchange-listed investment platform established by Hong Kong-based shipowner and operator Taylor Maritime, has secured $388,000 worth of shares as options vested. Nil-cost awards were simultaneously converted into London-listed Hong Kong-based shipowner and operator Taylor Maritime shares for both the finance chief and the strategy chief. Three top executives at Taylor Maritime have expanded their shareholdings in Taylor Maritime as stock options vested. According to a regulatory filing, London-listed Hong Kong-based shipowner and operator Taylor Maritime confirmed that Chief Executive Officer Ed Buttery acquired an additional 487,000 shares, raising his total stake to 2.97 million shares, equivalent to 0.9% of the share capital, compared with 0.75% before the transaction. Taylor Maritime, founded in 2014 by Chief Executive Officer Ed Buttery and headquartered in Hong Kong, specializes in owning and operating geared bulk carriers, particularly handysize and supramax bulk carrier segments, which are well-suited for transporting minor bulk commodities such as grains, fertilizers, steel products, and forest products. The London-listed investment vehicle Taylor Maritime Investments was created to provide investors with long-term stable income through dividends while maintaining exposure to the global dry bulk shipping market, and it manages a fleet focused on high-quality secondhand Japanese-built bulk carriers with an emphasis on efficiency and reliability. 25-August-2025
Taylor Maritime Investments Chief Executive Officer Ed Buttery, who heads the London Stock Exchange-listed investment vehicle established by Hong Kong-based shipowner and operator Taylor Maritime, is expected to face a reduction in total compensation in the upcoming year as his dual role as Chief Executive Officer of both Taylor Maritime Investments and Taylor Maritime concludes. According to the latest annual report, Chief Executive Officer Ed Buttery earned total remuneration of $1.43 million for the financial year ending 31 March 2025, up from $1.26 million for the financial year ending 31 March 2024, primarily due to an increase in his annual bonus. While the bonus component of his package grew, the overall pay is forecasted to decline going forward as the corporate structure shifts and responsibilities are reallocated. Taylor Maritime Investments was launched in 2021 and focuses on investing in secondhand mid-size bulk carriers, primarily in the handysize and supramax segments, targeting stable income and long-term capital growth through dividends and asset appreciation. The fleet is commercially managed by Taylor Maritime, a Hong Kong-based shipowner and operator founded by Ed Buttery in 2014, which specialises in the ownership and operation of geared bulk carriers and has extensive experience in managing vessels across global dry bulk trades. Taylor Maritime Investments and Taylor Maritime have worked closely in fleet management and strategic development, but the separation of roles signals a governance shift aimed at increasing transparency and aligning leadership responsibilities with the evolving operational scale of the listed investment entity. 25-July-2025
London-listed Hong Kong-based shipowner and operator Taylor Maritime, led by Chief Executive Officer Ed Buttery, reported a net loss of $78.6 million for the year ending 31 March 2025, driven largely by a $113 million non-cash write-down in the value of its fleet, as bulk carrier valuations declined from the peak levels recorded in mid-2024. The shipowner and operator Taylor Maritime stated that the impairment reflects the market correction in secondhand bulk carrier values, impacting the fair value assessment of its assets. Taylor Maritime, founded in 2014 and focused on the acquisition and operation of handysize and supramax bulk carriers, has built a reputation for deploying capital in modern, fuel-efficient ships with long-term upside potential. Taylor Maritime’s investment strategy targets income generation through time charters and capital appreciation, with its fleet commercially managed by an in-house team with deep expertise in dry bulk shipping. As of 31 March 2025, Taylor Maritime operated a fleet of geared bulk carriers trading globally and serving clients in the industrial and commodity sectors. The shipowner and operator Taylor Maritime emphasised that despite the downward revaluation, the underlying operating performance remained stable and the business continues to pursue opportunities for long-term value creation in a volatile asset market. 24-July-2025
Hong Kong-based shipowner Taylor Maritime has confirmed the sale of 10 additional ships, securing gross proceeds of $176.3m as part of its ongoing fleet optimization strategy. The Ed Buttery-led shipowner Taylor Maritime reported that 3 of these transactions have already closed, with the remaining 7 expected to be finalized before Q4 2025. Taylor Maritime also completed nine previously disclosed ship sales, raising approximately $137m in gross proceeds, which, along with existing cash reserves, was used to fully repay all outstanding bank debt as of July 2025. Since Q1 2023, Taylor Maritime has sold 49 ships, including 22 in 2025 alone, achieving an average discount of just 3.1% compared to fair market value, a reflection of the shipowner’s disciplined divestment approach. Following these latest transactions, Taylor Maritime’s owned fleet will be reduced to 8 Japanese-built dry bulkers, complemented by one ship held through a joint venture and 6 ships on charter-in arrangements. Taylor Maritime Investments (TMI), which is listed on the London Stock Exchange and was established by the Hong Kong-based shipowner Taylor Maritime, emphasized that the ship sales and debt repayment are designed to safeguard shareholder value in response to a softening dry bulk market. Taylor Maritime, founded in 2014 and known for its specialization in the handysize and supramax bulk carrier segments, has built a reputation for agile asset management and prudent capital allocation, often capitalizing on market cycles to maximize returns. Taylor Maritime CEO Ed Buttery stated, “We have demonstrated our ability to sell vessels profitably, at prices close to or at NAV,” while noting, “We believe there is potential for further downside in asset values from current levels given forecasts of an acceleration of fleet growth in the near-term and the backdrop of a slowing global economy. In all, Taylor Maritime’s sales since January 2023 have preserved an estimated $82m of value for our shareholders.” Despite maintaining a cautious stance on the short-term market outlook, Taylor Maritime affirmed its readiness to pursue new opportunities and maintain dividend distributions, bolstered by a stronger balance sheet, improved liquidity, and a flexible fleet structure that allows the shipowner to adapt to market shifts efficiently while continuing to deliver value to shareholders. 18-July-2025
Taylor Maritime Investments (TMI), listed on the London Stock Exchange and originating from the Hong Kong-based shipowner Taylor Maritime, has adjusted its strategy in response to expected trade challenges and has taken advantage of improved sentiment in the dry bulk market by selling 11 ships for $172.5 million. The shipowner and operator Taylor Maritime, under the leadership of Ed Buttery, confirmed that one bulk carrier has already been handed over to its new owner, while the remaining 10 are scheduled to leave the fleet by August 2025, resulting in a total of $186.4 million generated from ship disposals in 2025. In January 2025, Hong Kong-based shipowner Taylor Maritime sold one vessel for around $14 million and completed the transaction during Q1 2025. At the end of Q1 2025, Taylor Maritime’s fleet included 30 Japanese-built ships, which will reduce to 19 once all current sales are finalized. Since the beginning of 2023, Taylor Maritime has agreed to and completed the sale of 39 ships, bringing in gross proceeds of $630.6 million. The Hong Kong-based shipowner and operator Taylor Maritime stated that all net proceeds from the most recent transactions, together with part of its existing cash reserves, will go toward debt repayment, which is expected to fall to $4.7 million, saving approximately $12.4 million annually in interest expenses. “The ship sales put the company on course to zero net bank debt,” Taylor Maritime announced. In a trading update, CEO Ed Buttery, who also committed to a 25% reduction in his salary alongside general overhead savings, commented: “Given our cautious view for 2025 amidst geopolitical and trade uncertainty, we have accelerated divestments, capitalising on seasonal improvement in market conditions and positive sentiment relating to Japanese-built ships.” He also noted that Taylor Maritime’s evolution into a commercial company, with a focus on operational efficiency and cost management, would “provide further resilience through a potentially volatile 2025.” 25-April-2025
Taylor Maritime Investments (TMI), a London Stock Exchange-listed company originating from Hong Kong-based shipowner Taylor Maritime, has cautioned that tariff disputes driven by U.S. President Donald Trump could reduce bulk carrier demand; the Hong Kong-based shipowner and operator, under the leadership of CEO Edward Buttery, observed that although the immediate impact of tariffs on dry bulk trade has been minimal, the potential for future trade tensions remains a significant risk; Taylor Maritime emphasized that the U.S. administration’s introduction of additional tariffs in early April 2025, along with retaliatory measures from countries like China, has amplified uncertainty and sparked concerns about wider macroeconomic instability; Taylor Maritime specializes in owning and operating a diversified fleet of primarily handysize and supramax bulk carriers, focusing on vessels that transport essential commodities such as grains, coal, and cement, and maintains a strategy centered on high-quality second-hand vessels that offer operational flexibility and exposure to growth in global trade, particularly in emerging markets where smaller ports play a key role. 25-April-2025
Taylor Maritime Investments (TMI), a London Stock Exchange-listed company associated with Hong Kong-based shipowner Taylor Maritime, is preparing for additional bulk carrier sales following a significant fleet reduction over the past two years. Taylor Maritime Investments (TMI) has already sold 28 bulk carriers as part of its strategic restructuring, which has enabled it to reduce its debt by $208 million. The London-listed shipowner Taylor Maritime Investments (TMI) has been actively divesting older vessels to streamline its fleet and strengthen its financial position. These disposals have not only helped Taylor Maritime Investments (TMI) cut down its debt but also positioned the company to focus on more modern and efficient tonnage. In addition to its fleet optimization efforts, Taylor Maritime Investments (TMI) has announced an interim dividend of $0.06 per share for the fourth quarter of 2024, reflecting its commitment to delivering value to shareholders. Taylor Maritime Investments’ (TMI’s) strategy of selling older bulk carriers aligns with its goal of maintaining a competitive and sustainable fleet in the dry bulk shipping market. As Taylor Maritime Investments (TMI) continues to explore further sales, it aims to enhance its operational efficiency and capitalize on opportunities in the evolving global shipping industry. Taylor Maritime Investments (TMI) remains a key player in the dry bulk sector, leveraging its strategic approach to fleet management and financial discipline to navigate market challenges and drive long-term growth. 27-January-2025
Taylor Maritime Investments (TMI), a London Stock Exchange-listed company linked to Hong Kong-based shipowner Taylor Maritime, is projecting “modest” demand growth for bulk carriers in 2025. This outlook comes as the gradual normalization of trade routes in the Red Sea is expected to increase ship supply. Taylor Maritime Investments (TMI) believes that a potential ceasefire in Gaza could lead to a steady return to normal trading patterns in the region. However, the London-listed handysize bulk carrier specialist Taylor Maritime Investments (TMI) cautions that 2025 is unlikely to match the strong performance levels seen in 2024. Taylor Maritime Investments (TMI) attributes this to the combined effects of increased vessel availability and evolving market dynamics. In a significant corporate development, Taylor Maritime Investments (TMI) rebranded itself as Taylor Maritime Limited (TML) in December 2024. This change followed the company’s acquisition of Grindrod Shipping Holdings Ltd on 16 August 2024. In a public announcement, TMI explained the rationale behind the rebranding: “In light of the recent acquisition of Grindrod Shipping Holdings Ltd, the Board of Directors has determined that the operations and future direction of Taylor Maritime Investments (TMI) are more aligned with those of a commercial company rather than an investment entity.” The acquisition and rebranding reflect Taylor Maritime Investments’ (TMI’s) strategic shift toward strengthening its position as a leading player in the dry bulk shipping market. By integrating Grindrod’s operations and focusing on commercial growth, Taylor Maritime Limited (TML) aims to enhance its fleet capabilities and adapt to the changing demands of global trade. As Taylor Maritime Investments (TMI) navigates the challenges and opportunities of 2025, it remains committed to optimizing its fleet, maintaining financial discipline, and delivering value to its stakeholders. The gradual normalization of Red Sea trade routes, coupled with its strategic initiatives, positions Taylor Maritime Limited (TML) to capitalize on emerging market trends while managing the complexities of the dry bulk shipping industry. 26-January-2025
Subject to approval by shareholders in a vote next month, Taylor Maritime Investments (TMI), listed on the London Stock Exchange and linked with Hong Kong-based shipowner Taylor Maritime, is set to rename itself Taylor Maritime Limited (TML). “In light of the recent acquisition of Grindrod Shipping Holdings Ltd on 16 August 2024, the Board of Directors has determined that the operations and future direction of Taylor Maritime Investments (TMI) are more in line with those of a commercial company rather than an investment entity,” stated Taylor Maritime Investments (TMI) in a public announcement. Under the leadership of Ed Buttery, Taylor Maritime Investments (TMI) is evolving from merely owning assets and providing tonnage to actively managing a fleet of ships. This includes both chartered-in and chartered-out vessels under various contractual agreements, including some joint ventures and contracts of affreightment that ensure cargo availability. Consequently, the business model of Taylor Maritime Investments (TMI) now more closely mirrors that of a traditional commercial shipping enterprise. 17-December-2024
Taylor Maritime Investments (TMI), which is listed on the London Stock Exchange and associated with the Hong Kong-based shipowner Taylor Maritime, is planning to change its name and expand its Board of Directors as part of a restructuring of its listing. CEO Ed Buttery, who leads the London Stock Exchange-listed Taylor Maritime Investments (TMI), has announced that the company will transition from being categorized as an investment fund to operating as a commercial shipping company. This change is part of Taylor Maritime Investments (TMI)’s strategic shift in its London Stock Exchange listing. Specializing in handysize bulk carriers, Taylor Maritime Investments (TMI) is set to evolve from the investment funds category to a commercial entity by February 2025. Additionally, Taylor Maritime Investments (TMI) will be renamed Taylor Maritime Limited (TML) following approval from a shareholder meeting scheduled for January 2025. This transition reflects the company’s broader strategic vision to enhance its operational capabilities and align more closely with its core business activities in commercial shipping. 16-December-2024
At the recent Maritime CEO Forum held at the Monaco Yacht Club, the closing session, traditionally reserved for dynamic discussions, centered on the dry bulk industry. Moderated with enthusiasm by Tim Huxley, CEO of Mandarin Shipping, the panel expertly navigated the complexities of supply and demand in shipping’s most substantial sector. “Volatility is a constant expectation and it presents opportunities,” noted John Michael Radziwill, CEO and chairman of Monaco-based C Transport Maritime S.A.M. (CTM), emphasizing that volatility was a dominant theme at this exclusive event for shipowners on the Cote d’Azur. Milena Pappas, Commercial Director at Athens-based and New York-listed Star Bulk Carriers (SBLK) and head of Oceanbulk, anticipated a much stronger market in the fourth quarter of 2024, driven by strong Brazilian exports and increased ton-miles from Guinea. This outlook was shared by Stamatis Tsantanis, chairman and CEO of Nasdaq-listed Seanergy Maritime (SHIP), who was also optimistic about a stronger shipping market. Edward Buttery, CEO of Taylor Maritime Investments (TMI), which is listed on the London Stock Exchange and associated with Hong Kong-based shipowner Taylor Maritime, noted that this year’s demand has been unremarkable, bringing a general stability to the markets, especially within the geared segment. Contrary to the mainstream media’s bleak views, all panelists were notably positive about China, observing significant improvements in the job and manufacturing sectors despite current geopolitical tensions. Discussing changes in trading patterns, Seanergy Maritime (SHIP)’s CEO Stamatis Tsantanis highlighted the evolution from traditional cape routes to more diversified global trading paths. Regarding coal, the panelists recognized that despite numerous green initiatives, Asian economies like China and India continue to depend heavily on coal for electricity production. This point was stressed by Milena Pappas of Star Bulk Carriers (SBLK), with C Transport Maritime S.A.M. (CTM)’s CEO Michael Radziwill noting coal’s cost-effectiveness compared to gas in Asia. C Transport Maritime S.A.M. (CTM)’s CEO Michael Radziwill also addressed shipping economics, noting that order surges typically occur when the cost of a five-year-old ship exceeds that of a newbuild. However, current pricing gaps are curbing new orders. Milena Pappas added that since January 2021, newbuilding prices have increased by 50%, secondhand values by nearly 90 to 100%, while freight rates have only risen by 40%. She also pointed out the full shipbuilding capacity booked for the next three and a half years, forecasting delays due to the extended testing required for dual-fuel engines. Echoing this sentiment, Edward Buttery of Taylor Maritime Investments (TMI) is postponing new orders due to high prices. Meanwhile, Stamatis Tsantanis revisited earlier discussions from the tanker session, forecasting an aging dry bulk fleet over the decade and advocating for the efficiency of middle-aged ships, provided they come from a quality vintage. 30-October-2024
Taylor Maritime Investments (TMI), listed on the London Stock Exchange and linked with Hong Kong-based shipowner Taylor Maritime, announced the sale of four of its bulk carriers, totaling $65.5 million. In a trading update, Taylor Maritime Investments (TMI) disclosed agreements to sell four handysize bulk carriers, with capacities ranging from 28K DWT to 38K DWT, constructed between 2008 and 2020, during Q3 2024. As of Q3 2024, the fleet of Taylor Maritime Investments (TMI) includes 34 Japanese-built bulk carriers. The transaction of these modern bulk carriers is set to finalize within the quarter. Following the departure of the agreed handysize bulk carriers, the fleet will consist of 31 bulk carriers. Additionally, Taylor Maritime Investments (TMI) executed a purchase option for a 2020-built ultramax bulk carrier with 63K DWT for $23.2 million, which was later sold for approximately $31.5 million and delivered into a joint venture, in which Taylor Maritime Investments (TMI) holds a 50% stake and chartered it back to the fleet. In August, Taylor Maritime Investments (TMI) successfully acquired Singapore-based, New York-listed shipowner and operator Grindrod Shipping (GRIN), achieving a total profit of $49 million, equating to a 15% return. Since acquiring Grindrod Shipping (GRIN) in Q4 2022, Taylor Maritime Investments (TMI) has divested 26 bulk carriers, including eight within the current financial year, contributing to a total debt reduction of $198 million. The current valuation of Taylor Maritime Investments’ (TMI’s) fleet is approximately $646.5 million. Taylor Maritime Investments (TMI) commented on the trading update stating that with Grindrod Shipping (GRIN) now delisted, the company is streamlining its structure and cutting corporate-level costs. Taylor Maritime Investments (TMI) remains vigorous in the Sale and Purchase (S&P) market, having finalized the sale of four bulk carriers in Q3 2024 and arranged the sale of three more at record high prices. Consequently, Taylor Maritime Investments (TMI) has reduced its debt by $55.6 million and anticipates an additional debt repayment of $20 million upon completion of the agreed sales in Q3 2024, bringing the total debt repayment to $198 million since the initial investment in Grindrod Shipping (GRIN) in December 2022. 28-October-2024
Taylor Maritime Investments (TMI), a company listed on the London Stock Exchange and associated with the Hong Kong-based shipowner Taylor Maritime, is optimistic about the prospects for bulk carriers as the demand for commodities increases. Taylor Maritime Investments (TMI) anticipates that disruptions in the Red Sea will enhance the traditionally robust winter market. Ed Buttery-led shipowner and operator Taylor Maritime Investments (TMI) predicts favorable conditions in the bulk carrier market for Q4 2024. As a specialist in handysize vessels listed on the London Stock Exchange, Taylor Maritime Investments (TMI) expects that ongoing reroutings in the Red Sea will contribute to the typically stronger winter period due to rising commodities demand. Taylor Maritime Investments (TMI) reported that its average Time-Charter Equivalent (TCE) earnings increased to $14,211 per day in Q3 2024, from $13,264 in Q2 2024. 27-October-2024
Taylor Maritime Investments (TMI), a company listed on the London Stock Exchange and associated with Hong Kong-based shipowner Taylor Maritime, recently sold a handysize bulk carrier as market values began to decline from their peak. The London-listed shipowner and operator, Taylor Maritime Investments (TMI), divested the 2012-built handysize bulk carrier, MV Irie Iris, with a deadweight of 28K DWT for approximately $11.8 million. This vessel was originally purchased by Taylor Maritime Investments (TMI) around the time of its Initial Public Offering (IPO). Under the leadership of CEO Ed Buttery, Taylor Maritime Investments (TMI) reportedly sold the MV Irie Iris to a Vietnamese shipowner and operator amidst a backdrop of decreasing asset values. Initially, Taylor Maritime Investments (TMI) had acquired the MV Irie Iris for about $12.8 million from the Japanese shipowner and operator, Shoei Kisen. Taylor Maritime Investments (TMI) specializes in the ownership and operation of a fleet primarily comprised of handysize and supramax bulk carriers. These vessels are integral to the transportation of bulk commodities like grains, coal, and minerals globally. Taylor Maritime Investments (TMI) is known for its strategic asset management approach, focusing on vessels that are mid-sized and versatile, which allows them to cater to a variety of cargo types and trading routes, providing a hedge against market volatility. The firm’s investment strategy includes acquiring quality assets at attractive prices, managing them efficiently, and selling them when market conditions are favorable, aiming to deliver significant returns to shareholders. Since its establishment, Taylor Maritime Investments has built a reputation for its robust operational expertise and its ability to navigate the cyclical nature of the shipping industry effectively. With a management team that brings extensive experience and a deep understanding of maritime logistics, Taylor Maritime Investments (TMI), a company listed on the London Stock Exchange and associated with Hong Kong-based shipowner Taylor Maritime, remains committed to expanding its portfolio while adhering to its core principles of sustainability and profitability. 14-October-2024
Former HSBC executive Gordon French has purchased a $100,000 portion of Taylor Maritime Investments (TMI), a firm listed on the London Stock Exchange and linked to the Hong Kong-based shipowner Taylor Maritime. Newly appointed director Gordon French has acquired a stake in the company led by Ed Buttery, Taylor Maritime Investments (TMI). Gordon French, the new director at Taylor Maritime Investments (TMI), invested in the company by purchasing shares. The company, which specializes in handysize vessels and is listed on the London Stock Exchange, announced that the independent board member secured 100,000 shares at $1.015 each, totaling an investment of $101,500. This acquisition represents a stake of less than 1%. 13-October-2024
Taylor Maritime Investments (TMI), which is listed on the London Stock Exchange and originates from the Hong Kong-based shipowner Taylor Maritime, has successfully completed a $50 million transaction to acquire full ownership of Grindrod Shipping (GRIN), a Singapore-based company listed in New York. Following this acquisition, Grindrod Shipping (GRIN) will no longer be publicly traded in the US and South Africa. Ed Buttery, the CEO of Taylor Maritime Investments (TMI), is spearheading the initiative to increase TMI’s shareholding in Grindrod Shipping to an absolute majority. As part of this strategic consolidation, Grindrod Shipping (GRIN) has initiated a selective capital reduction worth $49.6 million, effectively canceling all shares not held by Taylor Maritime Investments’ (TMI) subsidiary, Good Falkirk. This action will result in Grindrod Shipping’s (GRIN) minority shareholders receiving $14.25 per share. Taylor Maritime Investments (TMI) is a prominent player in the maritime industry, focusing on investments in handysize and supramax dry bulk vessels. TMI’s strategy revolves around acquiring quality vessels that offer both yield and an opportunity for capital appreciation. Through prudent asset management and strategic acquisitions like that of Grindrod Shipping, Taylor Maritime Investments (TMI) aims to strengthen its market presence and enhance shareholder value. This acquisition not only expands TMI’s operational footprint but also aligns with its long-term growth objectives in the global shipping industry. 15-April-2024
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, is projecting a significant upturn in the bulk carrier market, anticipating favorable conditions for shipowners in the upcoming two to three years. Taylor Maritime Investments (TMI) has recently shared an optimistic outlook, suggesting that the dynamics of the bulk carrier market are aligning in a way that could benefit owners significantly in the near future. In a detailed report submitted to the London Stock Exchange, Taylor Maritime Investments (TMI) highlighted that the rates for handysize and supramax bulk carriers have shown unusual stability throughout the current year. This stability is particularly notable given the sector’s volatility. A significant factor contributing to this trend was a surge to 13-month highs in December, driven by increased congestion at Brazilian grain ports and exacerbated by the tightening of transits through the Panama Canal, which has been affected by drought conditions. This analysis by Edward Buttery-led Taylor Maritime Investments (TMI) underscores the company’s confidence in the bulk carrier market’s prospects, buoyed by these fundamental factors that suggest a strong and improving market landscape for the foreseeable future. 3-February-2024
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, has strengthened its position by reducing its debt. It now operates a fleet of Japanese-built vessels with a low average age. Investment advisory firm Kepler Partners has expressed confidence in TMI’s potential to benefit from improvements in the bulker market. The analysts at Kepler Partners have noted that TMI, a specialist in the handysize segment, has achieved significant progress toward its strategic goals in recent months, especially in decreasing its debt. Despite challenges in the shipping industry over the summer, TMI has managed to maintain an appealing dividend. Furthermore, under the leadership of CEO Ed Buttery, TMI has developed a fleet that is well-prepared to create value in the long term, according to Kepler Partners. 2-February-2024
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, CEO Edward Buttery melds an optimistic outlook with a pragmatic demeanor. Taylor Maritime Investments and Grindrod Shipping CEO Edward Buttery glimmers of hope remain, particularly within the paramount Chinese market. Projecting into 2024, the esteemed London-listed Taylor Maritime Investments (TMI) anticipates a transitory lull during the Chinese Lunar festivities, succeeded by what he fervently aspires to be a foundational resurgence of the Chinese economic tapestry. Globally, Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, sagaciously counsels vigilance towards the macroeconomic impediments curtailing immediate demand, yet remains sanguine about a forthcoming temperate shift in interest rates, accompanied by a progressive attenuation of persistent demand challenges. Taylor Maritime Investments and Grindrod Shipping CEO Edward Buttery highlighting the precipitous ebb in dry bulk orderbooks, especially in his principal domain, the geared dry bulk arena. Moreover, given the exhaustive capacity of shipyards in the Asian expanse, a significant recalibration of this supply-demand balance appears improbable until the decade’s twilight. Taylor Maritime Investments (TMI) can foresee a surge in vessel decommissioning in the imminent future, regardless of prevailing market vicissitudes. While acknowledging elements of uncertainty, the evolving trajectories of global trade and the genesis of novel trading conglomerates might, in CEO Edward Buttery’s estimation, recalibrate effective supplies. London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, a formidable shipowner and supplier of tonnage for geared handysize, supramax and ultramax dry bulk carriers, achieved a dominant stake in Grindrod Shipping the previous annum. 16-September-2023
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, is sanguine regarding the support for their earnings and asset values in light of China’s reawakening. Edward Buttery-led Taylor Maritime Investments (TMI) has expressed a positive outlook for bulker markets in the latter half of 2023. The charter sector has experienced a rapid revival since mid-February, with the Baltic Exchange’s handysize index increasing 60% until the end of March, following an earlier-than-usual Chinese New Year, as per Taylor Maritime Investments (TMI). Dry bulk earnings are expected to witness a rise throughout 2023, in part driven by China, which accounts for approximately 50% of the dry bulk market and is displaying initial signs of an economic recovery. Moreover, global macroeconomic headwinds are anticipated to ease as the year progresses. Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, was publicly listed on 24 May 2021 at London Stock Exchange. 27-April-2023
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, banks insurance payment for a handysize bulk carrier that is trapped in Ukraine. Edward Buttery-led Taylor Maritime Investments (TMI) has been paying off debt through ship sales and an insurance payout for a bulk carrier stranded in Ukraine. Taylor Maritime Investments (TMI) expressed the company is on track to reach its deleveraging target by the end of June 2023 after knocking $64 million off the total in Q1 2023. Taylor Maritime Investments (TMI) stated the company’s plan of using ship sales to cut debt was backed by a strong sale-and-purchase market. London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, had taken the company’s ownership of Grindrod Shipping up to 78.3% in December 2022. 26-April-2023
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, has contracted a 40K DWT handysize bulk carrier at a Japanese shipyard. Edward Buttery-led Taylor Maritime Investments (TMI) is taking advantage of an occasional early delivery window. Taylor Maritime Investments (TMI) will take the delivery of the 40K DWT handysize bulk carrier in Q1 2024. Currently, Japanese bulk carriers ordered can now only be delivered in Q2 2025. Previously, Taylor Maritime Investments (TMI) has declared the completion of the deal to acquire the remaining shares in Grindrod Shipping. Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, was publicly listed on 24 May 2021 at London Stock Exchange. 28-January-2023
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, completed the Grindrod acquisition deal. Edward Buttery-led Taylor Maritime Investments (TMI) reports offer to buy remaining shares in Singapore-based Grindrod Shipping. has closed. Previously, Taylor Maritime Investments (TMI) made a $494 million offer for the rival New York-listed Singapore-based Grindrod Shipping. London-listed Taylor Maritime Investments (TMI) was holding a 26% stake in Singapore-based Grindrod Shipping. Taylor Maritime Investments (TMI) has declared the completion of the deal to acquire the remaining shares in Grindrod Shipping. Taylor Maritime Investments (TMI) reported to the London Stock Exchange (LSE) that the company offered to acquire all the issued ordinary shares in the capital of Grindrod Shipping had reached the final level of acceptance. London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, had taken the company’s ownership of Grindrod Shipping up to 78.3%. 24-December-2022
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, predicts the handysize bulk carrier market might be improved towards the end of 2022. Edward Buttery-led Taylor Maritime Investments (TMI) states that the current softening of the dry bulk market was initiated primarily by port de-congestion, which released previously constrained supply and overlapped with the seasonal summer holiday break. However, Taylor Maritime Investments (TMI) sees potential for handysize bulk carrier market recovery when the United States grains begin moving. Handysize bulk carrier market has shown indications of recovery with the Baltic Handysize Index up about 16% at end of Q3. Currently, London-listed Taylor Maritime Investments (TMI) owns and operates around 32 bulk carriers. 28-October-2022
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, makes a $494 million offer for the rival New York-listed Singapore-based Grindrod Shipping. Edward Buttery-led Taylor Maritime Investments (TMI) will pay $21 cash per share with a $5 dividend coming from Grindrod Shipping after emerging from pack of public suitors. Currently, London-listed Taylor Maritime Investments (TMI) already holds a 26% stake in Singapore-based Grindrod Shipping. Taylor Maritime Investments (TMI) would use a non-binding cash offer of $26 per share to create an enlarged shipowner company. Previously, New York-listed Singapore-based Grindrod Shipping preferred not to look for a permanent successor to retired CEO Martin Wade. Currently, London-listed Taylor Maritime Investments (TMI) owns and operates around 32 bulk carriers. 29-August-2022
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, evacuated crew members from a bulk carrier stuck in Ukrainian Port. Edward Buttery-led Taylor Maritime Investments (TMI) evacuated 21 crew members and all crew members will be repatriated to India. Nevertheless, London-listed Taylor Maritime Investments (TMI) controlled bulk carrier remains in Ukrainian Port. Taylor Maritime Investments (TMI) controlled bulk carrier remains on charter and insured. London-listed Taylor Maritime Investments (TMI) calculates that port calls to Ukraine accounted for 2% and port calls to Russia accounted for under 3% by the Taylor Maritime Investments (TMI) controlled ships’ total port calls. According to Taylor Maritime Investments (TMI), global shipping trade patterns will alter accordingly. Taylor Maritime Investments (TMI) is extremely concerned about the war and the sad loss of life in Ukraine. 8-March-2022
London-listed Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, sold 2006 built handysize bulk carrier and 2011 built supramax bulk carrier for around $33 million total. According to Edward Buttery-led Taylor Maritime Investments (TMI), the second-hand dry bulk carrier market is increasing. Both unnamed bulk carriers, 2006 built handysize bulk carrier and 2011 built supramax bulk carrier, were part of the root fleet during Taylor Maritime Investments’ (TMI) IPO (Initial Public Offering) in May 2021. Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, has been able to ensure the sale of two bulk carriers at attractive levels which will give substantial returns for shareholders. Currently, 10-year-old handysize bulk carrier increased to $18.5 million, from $17 million at the end of 2021. According to Taylor Maritime Investments (TMI), the handysize bulk carrier sector has an ongoing demand and preserved earnings. In December 2021, London-listed Taylor Maritime Investments (TMI) sold two other handysize bulk carriers to Tomini Shipping. 7-March-2022
Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, is anticipating better handysize bulk carrier rates in Q2 2022. London-listed Taylor Maritime Investments (TMI) stated that seasonality and Chinese New Year propelled the current week dry bulk market. Edward Buttery-led Taylor Maritime Investments (TMI) is optimistic about the outlook for 2022. Taylor Maritime Investments (TMI) anticipate that the dry bulk market will begin to improve again after the Chinese New Year. Currently, Taylor Maritime Investments (TMI) earns average net charter rates of around $19,000 per day per ship. Taylor Maritime Investments (TMI) anticipate that period time charter demand has been increasing. Additionally, handysize freight rates have been driven by containers being carried on dry bulk carriers. Edward Buttery-led Taylor Maritime Investments (TMI) chartered our six (6) handysize bulk carriers in January 2022. Taylor Maritime Investments (TMI) is preferring shorter-term charter businesses. Handysize bulk carrier order-book has a delivery over the years, with 2.5% in 2022, 1.7% in 2023, and 0.5% in 2024 to the total fleet. Taylor Maritime Investments (TMI) acknowledges that low handysize order-book is due to newbuilding price increase and uncertainty around environmental rules. Currently, London-listed Taylor Maritime Investments (TMI) owns and operates around 32 bulk carriers. 27-January-2022
Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, evolved to the largest investor in Grindrod Shipping. London-listed Taylor Maritime Investments (TMI) acquired a 22.6% stake from Grindrod Shipping’s largest shareholder Remgro. Furthermore, Taylor Maritime Investments (TMI) acquired a 2.2% share of Grindrod Shipping. Currently, Taylor Maritime Investments (TMI) holds 24.8% shares of Grindrod Shipping. New York and Johannesburg-listed Grindrod Shipping has a fleet of 25 bulk carriers. Taylor Maritime Investments (TMI) has been pursuing expansion prospects. According to Taylor Maritime Investments (TMI) dry bulk market fundamentals stay robust. Taylor Maritime Investments (TMI) will finance the investment by cash on the balance sheet, and revolving credit facility. Taylor Maritime Investments (TMI) considers Grindrod Shipping as a favorably cash-generative company. Currently, Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, owns 27 ships. 11-December-2021
Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, raised another $75 million to acquire up to six (6) handysize bulk carriers. London-listed Taylor Maritime Investments has raised around 65 million new ordinary shares at an issue price of $1.15 each. Edward Buttery-led Taylor Maritime Investments (TMI) is planning to acquire Japan-built handysize bulk carriers at attractive prices. All six (6) handysize bulk carriers are planned to be fixed on new charters. Taylor Maritime Investments (TMI) is projecting substantial earnings in the current freight rate levels. The high demand of investors indicates their confidence in Taylor Maritime Investments’ (TMI) business model and strategy. 25-July-2021
Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, wants to acquire another six (6) handysize bulk carriers through a secondary share offering. London-listed Taylor Maritime Investments (TMI) will sell $75 million of new shares to finance its purchase pipeline. Edward Buttery-led Taylor Maritime Investments’ (TMI) stock will be offered to institutional investors at $1.15 each. In May 2021, Taylor Maritime Investments (TMI) raised around $352 million at the IPO (Initial Public Offering). According to Taylor Maritime Investments (TMI), handysize bulk carrier sector is currently engaging, with a robust charter market and demand. Taylor Maritime Investments (TMI) is well-positioned to take advantage of handysize bulk carrier market conditions to pass further value to shareholders. Taylor Maritime Investments (TMI) wants to acquire high-quality handysize bulk carriers at low costs and take advantage of charter rates producing gross cash yields of more than 20%. An expansion in market capitalization should assist to make the Taylor Maritime Investments (TMI) more attractive to a broader investor base. Currently, Taylor Maritime Investments (TMI) controls 25 bulk carriers. 18-July-2021
Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime has acquired the company’s first bulk carriers beyond its Initial Public Offering (IPO) seed fleet in May. London Stock Exchange-listed Taylor Maritime Investments (TMI) boosted $253 million in its Initial Public Offering (IPO) in May. Taylor Maritime Investments (TMI) agreed to acquire two (2) Japanese-built geared handysize bulk carriers for a total of around $26 million in cash. Taylor Maritime Investments (TMI) focus on handysize and supramax bulk carriers. Edward Buttery-led Taylor Maritime Investments (TMI) will have to come back to the finance market to raise more if the company requires to grow the fleet further. Taylor Maritime Investments (TMI) observe notable potential in the handysize bulk carrier market. Taylor Maritime Investments’ (TMI) fleet has already under the control of the Hong Kong-based subsidiary Taylor Maritime. After the acquisition of two (2) Japanese-built geared handysize bulk carriers, Taylor Maritime Investments (TMI) has a fleet of 25 bulk carriers. 16-June-2021
Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, was publicly listed on 24 May 2021 at London Stock Exchange. Taylor Maritime Investments (TMI) has been working on more bulk carrier acquisitions. Christian Oldendorff has acquired a 14.9% stake and PointState Capital-managed SteelMill Master Fund has acquired an 11.69% stake in Taylor Maritime Investments (TMI). Taylor Maritime Investments’ (TMI) plan is to have no single controlling shareholder. Taylor Maritime Investments (TMI) is the first significant shipping company listing on London Stock Exchange since Tufton Oceanic Assets in 2017. Strong investor demand was presented to Taylor Maritime Investments (TMI). 27-May-2021
Taylor Maritime Investments (TMI) aims for growth after IPO (Initial Public Offering) at London Stock Exchange in May. Taylor Maritime Investments (TMI) is the sister company of Hong Kong-based shipowner and ship manager Taylor Maritime. Edward Buttery led Taylor Maritime Investments (TMI) has $500 million for possible bulk carrier acquisitions. Taylor Maritime Investments (TMI) has reduced the risk by pledging a zero long-term debt policy. Taylor Maritime Investments (TMI) has no management fees, so there is no influential reason to just buy and sell bulk carriers. Taylor Maritime Investments (TMI) intends to acquire vessels based on their long-term average returns. Taylor Maritime Investments (TMI) desire to build something long-term and balance the accurate kind of capital on a non-leveraged basis. Taylor Maritime Investments (TMI) is going for IPO (Initial Public Offering) at London Stock Exchange with a fleet of 23 handysize and supramax bulk carriers. Taylor Maritime Investments (TMI) aims to preserve, build and not extravagantly put at risk other investor’s money. Taylor Maritime Investments (TMI) views handysize bulk carriers as more suited to long-term capital. Taylor Maritime Investments (TMI) views London Stock Exchange as a market filled with brilliant investors. 30-April-2021
Taylor Maritime CEO Edward Buttery was hired by UK shipbroker Clarksons in 2005. Edward Buttery was the chartering manager of Pacific Basin Hong Kong between 2006 and 2008. Pacific Basin was established by Edward Buttery’s father Chris Buttery. Furthermore, Chris Buttery is a Taylor Maritime Investments (TMI) director and chairman at Taylor Maritime. The Buttery family has brought in Greek shipowner Nicholas Lykiardopulo as Taylor Maritime Investments (TMI) chairman. Nicholas Lykiardopulo controlled his family shipping business Neda Maritime. Nicholas Lykiardopulo is still a manager of BW Epic Kosan, the successor to Epic Gas. Taylor Maritime commercial management company will retain legacy ships. Edward Buttery will work exclusively for Taylor Maritime Investments (TMI). There will be a very clear wall between Taylor Maritime Investments (TMI) and Taylor Maritime. 28-April-2021
Hong Kong-based shipowner and ship manager Taylor Maritime is going public with a $250 million London Stock Exchange IPO (Initial Public Offering). In 2014, Taylor Maritime was established by Edward Buttery. Taylor Maritime is spinning off Taylor Maritime Investments (TMI). Taylor Maritime is endeavoring to sell 250 million new shares at $1 each on the London Stock Exchange. Taylor Maritime’s IPO (Initial Public Offering) will be the first significant shipping IPO (Initial Public Offering) at London Stock Exchange since Tufton Oceanic Assets’ IPO (Initial Public Offering) in 2017. Investment bank Jefferies International is acting as global coordinator and book-runner for Taylor Maritime’s IPO (Initial Public Offering). Hong Kong-based shipowner and ship manager Taylor Maritime will receive Taylor Maritime Investments (TMI) shares for their combined $24 million interest in the ships transferring to Taylor Maritime Investments (TMI). Currently, Taylor Maritime controls 17 bulk carriers. Taylor Maritime Investments (TMI) has a high-quality portfolio that will ensure cost-effective deployment of IPO (Initial Public Offering) proceeds at attractive prices. Taylor Maritime Investments (TMI) stated the vessels have demonstrated average yields of over 7% per year. Taylor Maritime Investments (TMI) is going to sign a commercial management agreement with Taylor Maritime for the fleet. Taylor Maritime Investments (TMI) will not take on long-term or structural debt but will enter into short-term revolving credit facilities to buy ships. Taylor Maritime has good relations with blue-chip charterers such as Cargill, Swire, and Louis Dreyfus. 27-April-2021
Hong Kong-based shipowner and ship manager Taylor Maritime bought two (2) 2010 built handysize bulk carriers from Copenhagen based J. Lauritzen. Taylor Maritime spent around $9 million each 31K DWT MV Emma Bulker and MV Louise Bulker. MV Emma Bulker and MV Louise Bulker sale price is in line with previously reported Japanese built handysize bulk carriers of a similar age. Similarly, Greek shipowner and operator Oryx Shipping acquired 2010 Japanese built handysize dry bulk carrier 29K DWT MV Trade Star for around $9 million. Hong Kong-based shipowner and ship manager Taylor Maritime acquired 10 secondhand bulk carriers during 2018. Taylor Maritime prefers vintage, well-maintained Japanese built bulk carriers. Up to now, all Taylor Maritime acquisitions were handysize bulk carriers, including five (5) open-hatch bulk carriers and one (1) supramax bulk carrier. 10-July-2019
Hong Kong-based handysize specialist Taylor Maritime acquired 2003 built 52K DWT MV Ella (ex MV Tigris) from Niovis Shipping. Ed Buttery led Taylor Maritime has acquired its first larger dry bulk carrier. MV Ella (ex MV Tigris) deal took place at the end of 2018. MV Ella (ex MV Tigris) is Taylor Maritime’s oldest ship in the fleet. MV Ella (ex MV Tigris) was built at The Tsuneishi Zosen in 2003. Ed Buttery led Taylor Maritime has started acquiring secondhand Japanese-built handysize bulk carriers in 2014. 18-April-2019