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TMG and Temeraire sell ship management companies to Grindrod Shipping

TMG and Temeraire sell ship management companies to Grindrod Shipping

Watson Farley & Williams (“WFW”) advised Taylor Maritime Group Limited (“TMG”) and Temeraire Holding (MI) Limited (“Temeraire”) on the c. US$13.5m sale of Taylor Maritime Management Limited and Tamar Ship Management Limited to a subsidiary of Grindrod Shipping Holdings Ltd. (“Grindrod Shipping”). The sale is subject to certain closing conditions and closing is expected before mid-October 2023, after which the two companies will become wholly-owned subsidiaries of Grindrod Shipping.