Taylor Maritime

Taylor Maritime Investments (TMI), the spin-off of Hong Kong-based shipowner Taylor Maritime, 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