London stock-listed Taylor Maritime Investments (TMI) said it has recorded its fifth consecutive quarter of appreciating net asset values and dividend payments.

On 30 June the handysize bulker specialist said its unaudited NAV had increased 3% since March this year, and 83% since its May 2021 IPO.

The market value of TMI's 28-ship fleet stands at $542m, up 10% this year.