Dry CargoGreater China

Taylor Maritime grows fleet to 28 with supramax acquisition

Photo of Grant Rowles Grant RowlesJanuary 17, 2020
414 Less than a minute
Taylor Maritime

Hong Kong dry bulk owner Taylor Maritime has acquired its third supramax, the 2011-build Mitsui supramax Nord Fuji, bringing its fleet to a total of 28 vessels.

Brokers are reporting that Taylor Maritime has paid $13.7m for the vessel, acquired from Dutch outfit Triton Navigation.

Edward Buttery, CEO of Taylor Maritime, confirmed the deal to Splash saying they bought the vessel for clients of Taylor Maritime. He did not confirm the price however.

VesselsValue has a market value of $13.42m on the vessel, however there most recent deal for a 2011-built Mitsui supramax was done for $14.2m in October 2019.

 

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Photo of Grant Rowles Grant RowlesJanuary 17, 2020
414 Less than a minute
Photo of Grant Rowles

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.
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