– UK, London – Taylor Maritime Investments Limited (LON: TMIP), the specialist dry bulk shipping investment company, announced the appointments of Rebecca Brosnan and Gordon French to its Board as non-executive Directors with immediate effect.
“We are delighted to welcome Rebecca and Gordon to the Board as part of our integration with the Grindrod business. Both bring a wealth of relevant experience and we are confident they will contribute to our continued effectiveness and as we realize further synergies across the combined Group.” said Board chairman, Henry Strutt.
About Rebecca Brosnan
Rebecca Brosnan has over 20 years of experience in investment banking, financial markets, and commodities and currently is the IFC Nominated Director on the Board of the City Bank, a listed commercial bank in Bangladesh. Previously, she has served as CFO & Head of Strategy of Diginex, an ESG and sustainability technology business; the COO & CFO of Mother’s Choice and Head of Asia Commodities and Head of Strategy and Business Development at the Hong Kong Stock Exchange. Ms. Brosnan served as a Director of the Company’s wholly-owned subsidiary, Grindrod Shipping Holdings Limited from 6 December 2022 and is due to retire on 30 September 2024.
About Gordon French
Gordon French was the Head of Global Banking and Markets for Asia-Pacific at HSBC based in Hong Kong responsible for all Global Banking and Market businesses in the region. Having served 33 years, he retired from his role at HSBC at the end of 2020. He represented HSBC on various regulatory and exchange committees and he was also the inaugural Chairman of HSBC Bank (Singapore) Limited from April 2016 to June 2017. Rebecca Brosnan served as a Director of Grindrod from 20 March 2023 and is due to retire on 30 September 2024.
About Taylor Maritime Investments Limited
Taylor Maritime Investments Limited is an internally managed investment company listed under the closed-ended investment funds category of the FCA’s UK Listing Rules sourcebook (previously the Premium Segment of the Official List), with 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 and Japanese built.
The Company acquired a controlling stake in Grindrod Shipping Holdings Limited in December 2022 and, following a Selective Capital Reduction which took effect on 16 August 2024, Grindrod became a wholly owned subsidiary of the Company and was delisted from each of Nasdaq and the JSE. As a result, the Company, through its subsidiaries, currently has an owned fleet of 32 dry bulk vessels, consisting of 25 Handysize vessels and seven Supra/Ultramax vessels. The Company also has seven vessels in its chartered fleet with purchase options on three. The ships are employed utilizing a variety of employment/charter strategies.
The Company’s target dividend policy is 8 cents p.a. paid every quarter, 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 who previously worked closely together at Taylor Maritime. Taylor Maritime was established in 2014 as a privately owned ship-owning and management business with a seasoned team including 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). The commercial and technical management arms of Taylor Maritime were acquired by Grindrod in October 2023.
For more: https://taylormaritimeinvestments.com/
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