Bulker owner Taylor Maritime Investments plans to keep selling vessels to pay down its debt and has revealed the sales of two bulk carriers to Grindrod Shipping, in which the firm is the majority shareholder.
The London-listed company said it agreed in July to sell the ships to Grindrod on an “arm’s-length” basis.
They are a 2011-built, 38,500-dwt handysize sold for net proceeds of $15m — which was not named but is likely to be the Japan-built Steady Sarah — and a 40,000-dwt handysize newbuilding that is due for delivery in early 2024 for a net price of $33.75m.
