Taylor Maritime Investments Ltd. said Monday that it has secured long-term charters for five ships, says an article published in Market Watch.
Unlevered gross cash
Five vessels have been leased for an average of 11 to 13 months, according to the London-listed dry bulk shipping investment company.
Based on prior fair market values, this has resulted in an average yearly unlevered gross cash yield of more than 30%.
At the end of March, the figure was 24 percent across the company’s fleet.
Balance revenue
“[This result] is consistent with our overall strategy of having the most commercially advantageous mix of charter durations to balance revenue optimization and earnings visibility,” Chief Executive Edward Buttery said.
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Source: Market Watch
