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Taylor Maritime Closes $49 Million Sale of Three Handysize Vessels

MT Newswires·10/06/2026 03:21:57
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03:21 AM EDT, 10/06/2026 (MT Newswires) -- Taylor Maritime (TMI.L, TMIP.L) completed the sale of three handysize vessels for $48.6 million, according to a Tuesday filing. The London-listed dry bulk shipping company is in the process of disposing of its entire fleet, with the sale of the final vessel already ongoing. Amid the latest transaction, Taylor Maritime will return $45 million to its shareholders in November through a partial compulsory redemption of ordinary shares. Final terms of the buyback will be published later in October.