Private Hong Kong shipowner Taylor Maritime is going public with a $250m London initial public offering to capitalise on booming bulker markets.
The group, founded in 2014 by chief executive Edward Buttery, is spinning off Taylor Maritime Investments (TMI) to acquire a "seed" fleet of 23 modern, geared handysizes and supramaxes.
Most of these will come from the parent, but others will be acquired from third parties.
