Our strategy
Taylor Maritime Limited offers access to the potential of geared dry bulk shipping. Our strategy aligns with the long term interests of shareholders seeking attractive, sustainable yields from an area of the market which is inherently robust, being centered around steady demand for necessity goods.
Navigating shipping market cycles
Taylor Maritime’s strategic priority is to navigate shipping market cycles on behalf of its shareholders over the long-term, leveraging a dynamic and experienced management team with deep relationships in the industry and an agile business model underpinned by low leverage and financial flexibility. This should create invaluable optionality to grow and renew as and when appropriate in order to deliver long-term attractive shareholder returns, through both income and capital appreciation.
Our strategic objectives and how we achieve them:
| Strategic Objective | What We Monitor | |
|---|---|---|
| Investment Strategy | → Maintain a flexible capital allocation strategy across vessels, cash, and listed shipping investments based on market conditions and long-term value opportunities |
→ Multiple on Invested Capital ("MOIC") and Internal rate of return ("IRR") on ships sold → Underlying profitability of other target shipping investments/businesses |
| Operational Strategy | → Deliver stable and predictable profitability through active fleet deployment, diversified charter durations, and disciplined commercial and cost management |
→ Average charter rates versus benchmark → Daily breakeven rates → Number of covered days → Spread of charter counterparties and ratings |
| Sustainability Strategy | → Ensure long term sustainability of the fleet by incorporating ESG factors into our fleet maintenance and renewal strategy |
→ Average age of the fleet → Annual Efficiency Ratio ("AER") Ratings → Safety Statistics |
| Dividend Strategy | → The Company plans to pay regular quarterly dividends, with the intention to increase the dividend over time, subject to market conditions |
→ Available liquidity → Resale value of vessels → Term Charter rates → Dividend cover |
| Gearing Strategy | → Commitment to a long term low-geared approach to operations |
→ Debt as a percentage of gross assets → Compliance with debt covenants → Stress scenario modelling to ensure repayment plans can be met |
Our strategic objectives and how we achieve them:
Strategic Objective
| Investment Strategy |
|---|
| → Maintain a flexible capital allocation strategy across vessels, cash, and listed shipping investments based on market conditions and long-term value opportunities |
| Operational Strategy |
| → Deliver stable and predictable profitability through active fleet deployment, diversified charter durations, and disciplined commercial and cost management |
| Sustainability Strategy |
| → Ensure long term sustainability of the fleet by incorporating ESG factors into our fleet maintenance and renewal strategy |
| Dividend Strategy |
| → The Company plans to pay regular quarterly dividends, with the intention to increase the dividend over time, subject to market conditions |
| Gearing Strategy |
| → Commitment to a long term low-geared approach to operations |
What We Monitor
| Investment Strategy |
|---|
| → Multiple on Invested Capital ("MOIC") and Internal rate of return ("IRR") on ships sold → Underlying profitability of other target shipping investments/businesses |
| Operational Strategy |
|
→ Average charter rates versus benchmark → Daily breakeven rates → Number of covered days → Spread of charter counterparties and ratings |
| Sustainability Strategy |
|
→ Average age of the fleet → Annual Efficiency Ratio ("AER") Ratings → Safety Statistics |
| Dividend Strategy |
|
→ Available liquidity → Resale value of vessels → Term Charter rates → Dividend cover |
| Gearing Strategy |
|
→ Debt as a percentage of gross assets → Compliance with debt covenants → Stress scenario modelling to ensure repayment plans can be met |