Pursuant to a shareholder vote next month, London-listed dry bulk concern Taylor Maritime Investments will change its name to Taylor Maritime Limited.
“Following completion of the acquisition of Grindrod Shipping Holdings Ltd on 16 August 2024, the Board has concluded that the TMI Group’s current and future activities are more reflective of a commercial company as compared to an investment entity,” the company stated in a release.
Ed Buttery-led Taylor Maritime said the company is transitioning from being a pure asset owner and tonnage provider to operating a fleet of ships, chartered-in and chartered-out with multiple different contractual terms, some under joint ventures, and with contracts of affreightment providing cargo cover. As a result, the company’s business model is now more closely aligned with that of a commercial shipping company.
