London-listed Taylor Maritime Investments (TMI) has bought its first bulkers beyond its initial public offering seed fleet.
The spin-off of Hong Kong's Taylor Maritime, which raised $253.7m in its IPO in May, said it had agreed to buy two unnamed Japanese-built geared handysizes for a combined $26.45m in cash.
TradeWinds understands the vessels are the 32,000-dwt Capri Queen (built 2009) from Lau's Ocean Shipping of China and the 37,000-dwt Bright Ocean (built 2012) from Toyo Kaiun in Japan.
