taylor maritime investments ltd on friday said its fiscal 2023 thirdquarter net asset value per share edged down on a subdued charter market but that it sees a positive outlook for the next couple of years the dry bulkshipping investment company said its nav per share as of dec 31 was 167 compared with 170 at sept 30 noting the charter market across all dry bulk during the quarter was dented by macroeconomic headwinds slowerthanexpected china recovery the companys net asset value at the end of the third quarter stood at 552 million down from 5603 million a quarter earlier including gains from its investment in grindrod shipping of which it now owns 8323 the market value of the combined fleet of 57 vessels was 10 billion it said the value of taylor maritimes portfolio of 26 vessels was down 6 on a likeforlike basis at the end of the quarter the londonlisted group said it expects to reduce its debt to gross assets ratio to around 25 in the next two quarters from the 312 registered as of dec 31 the group declared an interim dividend of 2 cents per share we maintain a positive outlook through to the end of 2024 and possibly into 2025 as the orderbook remains near historical lows shipyards are full and demand growth looks set to improve said chief executive edward buttery at 0902 gmt shares rise 199 pence or 23 at 8842 pence