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Taylor Maritime Investments takes fleet to 25 with acquisition of two handy bulkers

Taylor Maritime Investments is expanding its fleet with the purchase of two Japanese-built geared handysize bulkers for $26.45m.  

The two vessels are in addition to the 23 secondhand handysize and supramax bulk carriers the Edward Buttery-led firm will acquire using the proceeds raised in an oversubscribed issuing on the London Stock Exchange.

Both vessels are being acquired at below 80% of depreciated replacement cost, the Guernsey-incorporated firm said on Wednesday.

Delivery of the two ships is expected in mid-July and early-November 2021. Once all acquisitions are completed, Taylor Maritime Investments’ fleet will comprise 25 vessels. 

The company has also successfully placed another five vessels in its existing fleet on new charters.

Adis Ajdin

Adis is an experienced news reporter with a backgroud in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.

Comments

  1. Purchase of ships at a time when the whole world is reeling under the impact of pandemic, is indeed a bold transaction by Taylor Maritime co. The deal indicates one thing that the pandemic is not the end of the world. Trade and commerce in the globe will definitely continue to grow and sustain the global economies.

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