(Alliance News) - Grindrod Shipping Holdings Ltd said on Wednesday its interim Chief Executive Stephen Griffiths will retire at the end of this month to make way for Edward Buttery to take the helm at the recently acquired subsidiary. Read More
(Alliance News) - Taylor Maritime Investments Ltd on Tuesday said Chief Executive Officer Edward Buttery will be appointed CEO of its recently acquired subsidiary Grindrod Shipping Holdings Ltd, effective April 1. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Non-Executive Director Christopher Buttery buys 50,000 shares at USD1.123, worth USD56,250, in London on Tuesday. Buttery is now interested in 800,722 shares, a 0.242% stake. Read More
(Alliance News) - Taylor Maritime Investment Ltd said on Friday it intended to trim its debt after acquiring a controlling stake in Grindrod Shipping Holdings, in a move that could result in vessel sales. Read More
(Alliance News) - Taylor Maritime Investments Ltd on Thursday said it appointed a new interim chair to replace the outgoing chair, following the successful acquisition of Grindrod Shipping. Read More
(Alliance News) - Taylor Maritime Investment Ltd said on Tuesday its offer for Grindrod Shipping Holdings Ltd has closed, indicating the delisting of the Singapore-based shipping firm from Nasdaq in New York and the Johannesburg Stock Exchange is likely. Read More
(Alliance News) - Taylor Maritime Investments Ltd on Friday said profit had slumped in the first half, as the company pursues its acquisition of Grindrod Shipping Holdings Ltd. Read More
(Alliance News) - Taylor Maritime Investments Ltd said on Thursday its offer to acquire Grindrod Shipping Holdings Ltd had become "unconditional". Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Taylor Maritime Investments Ltd on Thursday reported that its net asset value per share had fallen marginally as it continues its attempted acquisition of Grindrod Shipping Holdings Ltd. Read More
(Alliance News) - Taylor Maritime Investment Ltd has made a voluntary conditional cash offer for all shares it does not already own in Grindrod Shipping Holdings Ltd, the two companies announced in a joint statement on Wednesday. Read More
(Alliance News) - Grindrod Shipping Holdings said on Monday Taylor Maritime Investment Ltd had made a non-binding indicative proposal to acquire all shares it does not already own in the Singapore-based shipping firm. Read More
Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - At March 31, reports a fleet of 31 vessels with a total market value of USD546 million. Pretax profit stands at GBP253 million for the year. The company's net asset value per share is USD1.74, giving a total NAV return of 81.3%. Taylor Maritime says this was driven by operating profit, increased vessel values and an "attractive" gain on the Grindrod Shipping investment. Looking forward, the firm expects demand in China to rebound and remains optimistic about its Handysize segment. Read More
Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Agrees to sell a 2009 built handysize vessel for USD17.2 million. Vessel was an IPO seed asset and the sale is expected to generate an internal rate of return of 80%, representing a 8% premium to its March 31 fair market value. Once the sale completes, the fleet will comprise of 27 ships with no further vessels currently contracted for sale. Read More
Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Says five vessels in fleet have been fixed on time charters for an average of 11 to 13 months, for average annualised unlevered gross cash yield over 30%. This is based on fair market values, and increased from an average annualised unlevered gross cash yield of over 24% for the fleet as of March 31. Read More
Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Agrees to sell 2004-built Handysize vessel for USD11.6 million. Says sale will generate internal rate of return of 200%. Read More
Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Will sell one 2006 built Handysize vessel and one 2011 built Supramax vessel for USD33.3 million, a deal which is expected to be completed in the second quarter of 2022. Read More
(Correcting headline to fixes from repairs.) Read More
Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Says one vessel in its fleet has been fixed on a one-year time charter and that three vessels have been fixed on short-term time charters of less than three months. Read More