Vessel Sales
Summary by AI BETAClose X
17 February 2026
Taylor Maritime Limited (the "Company" or "TML")
One new vessel sale agreed and one previously announced vessel sale completed
Taylor Maritime Limited, the specialist dry bulk shipping company, announces today it has agreed to sell a Handysize vessel. Further details of the transaction will be provided upon completion.
The previously agreed (and announced on 24 October 2025) sale of a Handysize vessel has now completed, generating gross proceeds of $15.3 million.
As previously announced, the Company recently returned $143.4 million of capital to shareholders by way of a compulsory partial redemption which completed on 2 February 2026.
Commenting on the vessel sale Edward Buttery, Chief Executive Officer, said:
"With today's announcement, we continue to demonstrate our willingness to crystalise gains and preserve value through disposals, in line with investor feedback. Our current position allows us to consider the full range of options available to us in an orderly manner, including further sales and capital returns."
ENDS
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For further information, please contact:
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The person responsible for arranging for the release of this announcement on behalf of the Company is Matt Falla, Company Secretary.
Notes to Editors
About the Company
Taylor Maritime Limited is a shipping company listed under the equity shares (commercial companies) category of the Official List, with its shares trading on the Main Market of the London Stock Exchange since May 2021. Between May 2021 and February 2025, the Company was listed under the closed-ended investment funds category of the Official List.
The Company is focused on navigating shipping market cycles on behalf of its shareholders, leveraging a dynamic and experienced management team with deep relationships in the industry and an agile business model underpinned by low leverage and financial flexibility, to deliver long-term attractive returns through both income and capital appreciation.
The Company, through its subsidiaries, currently has an owned fleet of 7 dry bulk vessels (including 1 held for sale) consisting of 5 Handysize vessels and 2 Supra/Ultramax vessels. The Company also has 1 vessel under JV agreement and 3 vessels in its chartered in fleet. The ships are employed utilising a mix of time charter, voyage charter, and Contracts of Affreightment ("CoAs") to optimise fleet earnings and cargo coverage.
The Company's target dividend policy is 8 cents p.a. paid on a quarterly basis.
For more information, please visit www.taylormaritime.com.
About Geared Vessels
Geared vessels are characterised by their own cargo loading equipment. The Handysize and Supra/Ultramax market segments are particularly attractive, given the flexibility, versatility and port accessibility of these vessels which carry necessity goods - principally food and products related to infrastructure building - ensuring broad diversification of fleet activity and stability of earnings through the cycle.
IMPORTANT NOTICE
The information in this announcement may include forward-looking statements, which are based on the current expectations and projections about future events and in certain cases can be identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target", "believe" (or the negatives thereon) or other variations thereon or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company, including, among other things, the development of its business, trends in its operating industry, and future capital expenditures and acquisitions. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur.
References to target dividend yields and returns are targets only and not profit forecasts and there can be no assurance that these will be achieved.
LEI: 213800FELXGYTYJBBG50
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