{"id":163203,"date":"2022-03-30T12:00:00","date_gmt":"2022-03-30T04:00:00","guid":{"rendered":"https:\/\/splash247.com\/?p=163203"},"modified":"2022-03-30T17:08:27","modified_gmt":"2022-03-30T09:08:27","slug":"butterys-spread-bulker-empire-with-good-stag-deal","status":"publish","type":"post","link":"https:\/\/splash247.com\/butterys-spread-bulker-empire-with-good-stag-deal\/","title":{"rendered":"Butterys spread bulker empire with Good Stag deal"},"content":{"rendered":"\n<p>Chris Buttery, the famous co-founder of Hong Kong&#8217;s Pacific Basin, is set to charter an 18-year-old handysize bulk carrier sold by his son&#8217;s Taylor Maritime Investments (TMI).<\/p>\n\n\n\n<p>Ed Buttery-led TMI has struck a deal to sell its oldest vessel for $11.6m to an independent leasing and financing platform, which will following the sale, enter into a bareboat charter agreement with a consortium of investors, including minority interests held by Chris Buttery.<\/p>\n\n\n\n<p>The London-listed company has offloaded the 2004-built vessel \r\n\t\t\t<span style=\"color:#00adeb;\" class=\"mt_tooltip\" data-mturl=\"\/en\/ais\/details\/ships\/shipid:413561\/mmsi:538007152\/vessel:413561\"  data-mmsi=\"538007152\" data-imo=\"9278739\" data-dwt=\"33773\" data-yob=\"2004\" data-typename=\"Bulk Carrier\" data-typecolor=\"7\" data-countrycode=\"MH\" data-country=\"Marshall Is\" data-info=\"Bulk Carrier [MH]\" data-photourl=\"https:\/\/photos.marinetraffic.com\/ais\/showphoto.aspx?shipid=413561\" data-assetname=\"NONG LYLA\" data-assettype=\"Vessel\">Good Stag<\/span><img decoding=\"async\" style=\"display:none\" src=\"https:\/\/photos.marinetraffic.com\/ais\/showphoto.aspx?shipid=413561\" \/> at an internal rate of return (IRR) above 200% and expects to complete the sale in the second quarter of this year.<\/p>\n\n\n\n<p>Chris Buttery has over 40 years of experience in the shipping industry. He began his shipping career with Jardine, Matheson &amp; Company, followed by Continental Grain. He later co-founded the original Pacific Basin business in 1987 and was instrumental in re-establishing the current Pacific Basin in 1998 with Paul Over. Buttery held various executive positions at Pacific Basin until June 2007.  He is currently chairman of Taylor Maritime, a non-executive director of Swire Bulk Shipping and a director of the Hong Kong Maritime Museum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chris Buttery, the famous co-founder of Hong Kong&#8217;s Pacific Basin, is set to charter an 18-year-old handysize bulk carrier sold by his son&#8217;s Taylor Maritime Investments (TMI). Ed Buttery-led TMI has struck a deal to sell its oldest vessel for $11.6m to an independent leasing and financing platform, which will following the sale, enter into &hellip;<\/p>\n","protected":false},"author":1003,"featured_media":12741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[57,70,77],"tags":[369,107],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Butterys spread bulker empire with Good Stag deal - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/butterys-spread-bulker-empire-with-good-stag-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Butterys spread bulker empire with Good Stag deal - Splash247\" \/>\n<meta property=\"og:description\" content=\"Chris Buttery, the famous co-founder of Hong Kong&#8217;s Pacific Basin, is set to charter an 18-year-old handysize bulk carrier sold by his son&#8217;s Taylor Maritime Investments (TMI). 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