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Taylor Maritime linked to six bulkers in run up to London IPO

Ed Buttery-led Taylor Maritime is being linked to a sizeable swoop in the secondhand dry bulk markets, lining up deals for two supramaxes and four handysizes for just shy of $95m.

The ships in question are the Pacific Hero and Indigo Traveller – both supramaxes – and the handies Basic Rainbow, Nordrubicon, Nordcolorado and Leap Heart.

Splash understands the deals are set to go through once Taylor Maritime concludes its initial public offering (IPO) in London, due in the coming few weeks.

Taylor Maritime Investments is proceeding with an IPO on the London Stock Exchange, with plans to offer 250m shares at an initial issue price of $1 per ordinary share.

The company was incorporated in Guernsey on March 31 this year as an internally managed investment company and will invest in a diversified portfolio of vessels which will primarily be secondhand handysize and supramax bulk carriers.

Buttery, the son of the Pacific Basin co-founder Chris Buttery, formed Taylor Maritime in 2014, building up a fleet of more than 20 handysize and supramax ships.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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