LONDON: Taylor Maritime Limited reported a full-year loss of $78.6 million for the financial year ended 31 March 2025, widening from $53.5 million a year earlier, as weaker market sentiment and falling vessel values weighed on performance. The Hong Kong-headquartered dry bulk shipping firm said asset revaluations accounted for $113.0 million in losses, reflecting a…
LONDON, UK: Taylor Maritime Investments Limited, the specialist dry bulk shipping company, completed the sale of one of the two vessels committed for sale as announced on 13 December 2021. The vessel is a Chinese built, Handysize vessel (38k dwt) which comprised part of the IPO seed portfolio. The sale of the second vessel is…
LONDON, UK: Taylor Maritime Investments (TMI) has agreed to acquire a 22.6% stake in Grindrod Shipping Holdings Ltd, a dual NASDAQ and Johannesburg Stock Exchange listed shipping business (NASDAQ: GRIN) for a cash consideration of $77.9m via a private, off-market acquisition from a wholly-owned subsidiary of Remgro Limited. The investment in Grindrod Shipping is consistent…