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Taylor Maritim (TMIP) Share News

IN BRIEF: Taylor Maritime changes name after shareholder backing

10th Feb 2025 12:15

Taylor Maritime Ltd - Guernsey, England-based shipping investor - Says name change from Taylor Maritime Investments Ltd is effective on Monday after shareholders backed move. The company confirms the transfer of its ordinary shares listing from the closed-ended investment funds category to the equity shares category of the Official List, effective on Monday. It appoints Deputy Chief Executive Officer Alexander Slee, Chief Financial Officer Yam Lay Tan and Chief Strategy Officer Camilla Pierrepont as executive directors with effect from Tuesday. Read More

Taylor Maritime net assets drop amid "uncertainty" after US election

24th Jan 2025 14:40

(Alliance News) - Taylor Maritime Investments Ltd on Friday reported a decline in its net asset value, as US trade policy uncertainty hurt sentiment. Read More

IN BRIEF: Taylor Maritime hails positive outlook helped by forecasts

19th Dec 2024 21:55

Taylor Maritime Investments Ltd - investment company specialising in bulk carrier segments of the global shipping sector - On Wednesday, reported net asset value per share unchanged at USD1.48 as at September 30, compared to March 31. NAV total return for the six months to September 30 is 2.6%. For the first financial half, the company declared an unchanged dividend of 4.00 US cents. Taylor Maritime notes good demand for dry bulk commodities, especially minor bulk and grain, combined with ongoing fleet inefficiencies due to disruptions in the Red Sea, which supported charter rates and partially offset a usual summer lull. Read More

Taylor Maritime declares special dividend after vessel sales

11th Dec 2024 14:02

(Alliance News) - Taylor Maritime Investments Ltd on Wednesday declared a special dividend in addition to its regular quarterly payment due to cash generated from recent disposals. Read More

Taylor Maritime Investments sees 4.3% quarterly net asset value return

26th Jul 2024 16:13

(Alliance News) - Taylor Maritime Investments Limited on Friday announced a 4.3% net asset value total return for the quarter that ended June 30. Read More

EARNINGS AND TRADING: James Cropper posts loss; Arbuthnot profit falls

23rd Jul 2024 16:46

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany

26th Apr 2024 20:59

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

IN BRIEF: Taylor Maritime CEO Edward Buttery buys 200,000 shares

15th Mar 2024 20:36

Taylor Maritime Investments Ltd - specialist dry bulk shipping company - Chief Executive Edward Buttery buys 200,000 shares at USD0.98 each. Worth USD196,000. Buttery now holds 615,000 shares. Read More

DIRECTOR DEALINGS: AO World non-exec director invests GBP600,000

8th Mar 2024 12:58

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and Friday and not separately reported by Alliance News: Read More

DIRECTOR DEALINGS: CRH non-exec director buys USD2.5 million in shares

6th Mar 2024 14:57

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and Wednesday and not separately reported by Alliance News: Read More

IN BRIEF: Taylor Maritime Investments holds dividend amid asset fall

11th Dec 2023 12:56

Taylor Maritime Investments Ltd - Guernsey-registered specialist dry bulk shipping investor - Net asset value per share is USD1.3117 on September 30, the end of the company's financial first half, down 34% from USD1.7144 on March 31. Total net assets are USD433.2 million, down from USD566.1 million in March. NAV total return for the recent six months is negative 21%. Half-year pretax loss is USD120.1 million, swung from a USD7.6 million profit a year before. Declares quarterly dividend of 2 US cents, unchanged on a year before, as it continues to target an 8p dividend for the full year, also unchanged. Looking ahead to 2024, Taylor Maritime says the expected restocking of historically low inventories of bulk commodities globally should partially offset the damping effect on shipping demand caused by higher interest rates. Taylor Maritime's fleet following its acquisition of Grindrod Shipping in South Africa earlier this year is 44 vessels. Read More

IN BRIEF: Taylor Maritime Investments sells vessel for USD7.8 million

5th Dec 2023 14:28

Taylor Maritime Investments Ltd - specialist dry bulk shipping company - Announces the sale of a 2004-built 34,000 deadweight tonne Handysize vessel for USD7.8 million, generating an internal rate of return of 44%. Further, adds that a previously announced sale of a 2007-built 33,000 deadweight tonne vessel completed earlier this month, generating gross proceeds of USD9.0 million. Taylor Maritime says that USD11.4 million of debt will be repaid by the end of the quarter to December 31 as a result of the sales. This will reduce the company's outstanding debt to USD156.2 million. Read More

IN BRIEF: Taylor Maritime says asset value down in second quarter

25th Oct 2023 16:40

Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Net asset value as at September 30 is USD1.31 per share, down from USD1.56 as at June 30. NAV total return for the quarter is negative 13.5%. Declares dividend of 2 US cents per share for the period, unchanged from the prior quarter. Taylor says main driver of NAV performance was a USD72.7 million decrease in fair value, due to softer asset values caused by a weaker charter market. Notes seven ship sales agreed or completed between Taylor and Grindrod Shipping Holdings Ltd, a Singapore-based shipping firm 83% owned by Taylor. Outstanding debt decreases to USD167.6 million as at September 30 from USD210.1 million as at June 30. Read More

IN BRIEF: Taylor Maritime subsidiary confirms capital reduction timing

2nd Oct 2023 17:39

Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Subsidiary Grindrod Shipping Holdings Ltd confirms timings of its proposed capital reduction. Explains it will result in a cash distribution of USD32.44 million in two tranches; the first distribution of USS1.016 per share, payable on October 26, and the second distribution of USD0.63 per ordinary share, payable on December 11. Of the total cash distribution, USD26.68 million would be payable to TMI in line with its 83.23% ownership and is expected to be used to further reduce debt and for general corporate purposes. Read More

Taylor Maritime updates existing credit and acquisition facilities

27th Sep 2023 11:48

(Alliance News) - Taylor Maritime Investments Ltd on Wednesday said it agreed to replace its existing revolving credit facility and acquisition facility with a new RCF with Nordea Bank Abp, Filial i Norge and Skandinaviska Enskilda Banken AB. Read More

IN BRIEF: Taylor Maritime Chair Henry Strutt buys 74,000 shares

15th Sep 2023 16:28

Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Non-executive Director & Chair Henry Strutt buys 74,000 shares at USD0.845, worth USD62,530, in London on Wednesday. This is the only shares Strutt holds, represents a 0.022% stake. Read More

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