Taylor Maritime Investments (TMI) is eyeing a move towards longer bulk carrier charters as it anticipates a rate boost after the Chinese New Year holiday early next month.

The London-listed owner has just taken delivery of two more geared ships bought in 2021, one supramax and one handysize.

These have been fixed on short-term period deals of less than six months at average unlevered gross cash yields of more than 20%.

Chief executive Edward Buttery said: "In the short term, we are pleased to have locked in such attractive yields for these newly delivered vessels.