Taylor Maritime Investments Ltd - Guernsey-registered specialist dry bulk shipping investor - Net asset value per share is $1.3117 on September 30, the end of the company’s financial first half, down 34% from $1.7144 on March 31. Total net assets are $433.2 million, down from $566.1 million in March. NAV total return for the recent six months is negative 21%. Half-year pretax loss is $120.1 million, swung from a $7.6 million profit a year before. Declares quarterly dividend of 2 US cents, unchanged on a year before, as it continues to target an 8p dividend for the full year, also unchanged. Looking ahead to 2024, Taylor Maritime says the expected restocking of historically low inventories of bulk commodities globally should partially offset the damping effect on shipping demand caused by higher interest rates. Taylor Maritime’s fleet following its acquisition of Grindrod Shipping in South Africa earlier this year is 44 vessels.

Current stock price: $0.83

12-month change: down 24%

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