Edward Buttery, the boss of what will be London's newest listed shipping company, wants to be in the sector for the long term.

The chief executive of Taylor Maritime Investments (TMI) explained to TradeWinds how the company will target growth following its planned $250m initial public offering.

The handysize and supramax specialist, which is being spun off from Hong Kong's private Taylor Maritime, has identified a $500m pipeline of potential bulker acquisitions.

But Buttery describes himself as a custodian of other people's money and will only strike when strict criteria are met.