Taylor Maritime Investments Limited Publication of Annual ESG Report (7337Q)
20 Outubro 2023 - 3:04AM
UK Regulatory
TIDMTMIP TIDMTMI
RNS Number : 7337Q
Taylor Maritime Investments Limited
20 October 2023
20 October 2023
Taylor Maritime Investments Limited (the "Company" or "TMI")
Publication of Annual ESG Report
Taylor Maritime Investments Limited (" TMI" or the "Company"),
the listed specialist dry bulk shipping company, is pleased to
announce it has released its second annual Environmental, Social
and Governance ("ESG") Report covering the financial year ended 31
March 2023. The Report has been published on the Company's website,
www.taylormaritimeinvestments.com .
The Report highlights progress made on TMI's sustainability
priorities including decarbonisation, social and community impact,
and responsible business practices.
The Report reflects TMI's commitment to transparency and
accountability. This year the Company obtained independent
assurance of its greenhouse gas emissions, as well as completing a
more comprehensive Scope 3 emissions measurement. TMI's ESG
disclosure follows guidance from the Task Force on Climate-related
Disclosure, the Global Reporting Initiative, and the Sustainability
Accounting Standards Board.
ENDS
For further information, please contact:
Taylor Maritime Investments IR@tminvestments.com
Limited
Edward Buttery
Camilla Pierrepont
Jefferies International
Limited
Stuart Klein
Gaudi Le Roux +44 20 7029 8000
Sanne Fund Services (Guernsey)
Limited
Matt Falla +44 1481 737600
Notes to Editors
About the Company
Taylor Maritime Investments Limited is an internally managed
investment company listed on the Premium Segment of the Official
List, its shares trading on the Main Market of the London Stock
Exchange since May 2021. The Company specializes in the acquisition
and chartering of vessels in the Handysize and Supra/Ultramax bulk
carrier segments of the global shipping sector. The Company invests
in a diversified portfolio of vessels which are primarily
second-hand. TMI's fleet portfolio currently numbers 21 vessels in
the geared dry bulk segment. The ships are employed utilising a
variety of employment/charter strategies.
On 20 December, the Company announced it acquired a controlling
majority interest in Grindrod Shipping Holdings Ltd ("Grindrod")
(NASDAQ:GRIN, JSE:GSH), a Singapore incorporated, dual listed
company on NASDAQ and the Johannesburg Stock Exchange. Grindrod
currently owns 20 dry bulk vessels complementary to the Company's
fleet. They are mostly Japanese built, including 13 Handysize
vessels and 7 Supra/Ultramax vessels. In addition, Grindrod has
seven vessels in its long-term chartered in fleet with purchase
options on three.
The combined TMI and Grindrod fleet numbers 48 vessels
(including long-term chartered in vessels).
The Company's target dividend policy is 8 cents p.a. paid on a
quarterly basis, with a targeted total NAV return of 10-12% per
annum over the medium to long-term.
The Company has the benefit of an experienced Executive Team led
by Edward Buttery and who previously worked closely together at the
Commercial Manager, Taylor Maritime. Established in 2014, Taylor
Maritime is a privately owned ship-owning and management business
with a seasoned team that includes the founders of dry bulk
shipping company Pacific Basin Shipping (listed in Hong Kong
2343.HK) and gas shipping company BW Epic Kosan (formerly Epic
Shipping) (listed in Oslo BWEK:NO). Taylor Maritime's team of
industry professionals are based in Hong Kong, Singapore and
London.
For more information, please visit
www.taylormaritimeinvestments.com .
About Geared Vessels
Geared vessels are characterised by their own loading equipment.
The Handysize and Supra/Ultramax market segments are particularly
attractive, given the flexibility, versatility and port
accessibility of these vessels which carry necessity goods -
principally food and products related to infrastructure building -
ensuring broad diversification of fleet activity and stability of
earnings through the cycle.
IMPORTANT NOTICE
The information in this announcement may include forward-looking
statements, which are based on the current expectations and
projections about future events and in certain cases can be
identified by the use of terms such as "may", "will", "should",
"expect", "anticipate", "project", "estimate", "intend",
"continue", "target", "believe" (or the negatives thereon) or other
variations thereon or comparable terminology. These forward-looking
statements are subject to risks, uncertainties and assumptions
about the Company, including, among other things, the development
of its business, trends in its operating industry, and future
capital expenditures and acquisitions. In light of these risks,
uncertainties and assumptions, the events in the forward-looking
statements may not occur.
References to target dividend yields and returns are targets
only and not profit forecasts and there can be no assurance that
these will be achieved.
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END
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