Taylor Maritime fleet value rises $33m since May on surging rates

Taylor Maritime Investments (TMI) has seen its bulker fleet jump 10.5% in value since its London initial public offering (IPO) in May.

In a trading update to 30 June, the spin-off of Hong Kong's Taylor Maritime, which raised $253.7m in the offering, said the seed fleet of 23 handysizes and supramaxes is now worth $33m more as charter rates have risen 30%.