Taylor Maritime offloads 11 vessels for gross proceeds $172.5m

London Stock-listed dry bulk shipowner Taylor Maritime Limited (TML) is offloading eleven new vessels for gross proceeds of $172.5m, representing an average 4.0% discount to fair market value, according to the company’s announcement on Friday.

The shipowner said in a filing that these sales are in addition to the previously announced vessel sale in January of $13.9m (0.5% discount to 30 September 2024 fair market value) which completed during the quarter. 

One vessel sale completed post period with the remaining ten sales expected to complete between now and the end of August 2025. 

“Total gross proceeds from the 12 sales agreed and completed in the 2025 calendar year to date stands at $186.4m,” Taylor Maritime Limited said in its statement, adding that the