Taylor Maritime confirms 10 new ship sales for $176.3m

London Stock Exchange-listed dry bulk shipowner Taylor Maritime Limited has confirmed the sale of ten new vessels for total gross proceeds of $176.3m, at an average 1.1% discount to fair market value. 

The Guernsey, England-based shipping company said three vessel sales have completed to date, with the remaining seven expected to complete by December.

Taylor Maritime added that nine previously-announced vessel sales have also now completed for total gross proceeds of $137.3m. 

Net proceeds from these sales, combined with a portion of existing cash on the balance sheet, have been applied to the prepayment of all outstanding bank debt in July 2025, according to the company’s announcement.

Since January 2023, it has disposed of 49 vessels, 22 of which have