Vessel Sales
Taylor Maritime Limited has agreed to sell one Handysize vessel and has completed the sale of another Handysize vessel for gross proceeds of $15.3 million. This follows a compulsory partial redemption on February 2, 2026, which returned $143.4 million to shareholders. The company is continuing to crystallize gains and preserve value through disposals, with potential for further sales and capital returns.
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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."
About Geared Vessels
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.