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Taylor Maritim (TMIP) Share News

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

EARNINGS UPDATES: Airea profit down on costs; Scholium ends year well

27th Jul 2023 14:23

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

Taylor Maritime appoints new permanent non-executive chair

31st May 2023 10:40

(Alliance News) - Taylor Maritime Investments Ltd on Wednesday said it has appointed Henry Strutt as non-executive chair, effective from Thursday, replacing Interim Chair Frank Dunne. Read More

Grindrod Shipping interim Chief Executive Stephen Griffiths to retire

22nd Mar 2023 10:28

(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

Taylor Maritime chief executive officer also becomes subsidiary CEO

21st Mar 2023 10:32

(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

TRADING UPDATES: Ince results see further delay; Guild division launch

27th Feb 2023 15:34

(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

IN BRIEF: Taylor Maritime director buys USD56,000 in shares

24th Feb 2023 11:56

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

Taylor Maritime eyes debt cut after Grindrod Shipping acquisition

27th Jan 2023 13:24

(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

Taylor Maritime appoints interim chair to replace outgoing chair

5th Jan 2023 09:50

(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

Taylor Maritime closes Grindrod Shipping offer; says delisting likely

20th Dec 2022 10:34

(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

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