Taylor Maritime

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, 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