Another Buttery back with bulkers

Another Buttery back with bulkers

The son of one of the most famous names in Hong Kong shipping appears like a chip off the old block, wheeling and dealing as he starts up his own fleet.

Broking reports suggested Hong Kong-based Taylor Maritime has bought the handysize bulk carrier Kwela (32,474 dwt, 2002 built) from Japan’s Santoku Senpaku for $6.8m. The Mitsubishi Heavy-built vessel comes with four 30.5 ton cranes. Taylor Maritime’s ceo is Edward Buttery, the son of Chris Buttery, the legendary founder of Pacific Basin and current backer of Epic Gas.

Edward Buttery confirmed the ship acquisition when contacted by Splash.

Buttery told Splash that this ship is the fifth Japanese secondhand bulker that Taylor Maritime has purchased. Taylor Maritime was founded in January last year. Prior to founding the company, Buttery was at Nordea Bank for two years.

“Since the family exited the handysize segment with Pacific Basin, we’ve not had the market to reenter until now,” Buttery said. “However with Taylor Maritime we are starting small to lay the foundations for a company we hope will be known for being a reliable long-term partner with high standards and well-run ships.”

 

With additional reporting from Sam Chambers and Hans Thaulow

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts