A new platform for investors in maritime
Will the tide of investments in the maritime world turn? The Schulte Group, a major German ship owner and ship manager, and DEVK, a German insurance group, are launching the Navigo Shipholding AG (Navigo), a maritime asset investment platform for institutional investors.
Navigo’s long-term objective is to build up a mixed portfolio of vessels, predominantly under long-term charter agreements, providing visibility of future earnings and thereby ensuring a calculable long-term steady yield. Navigo has been established to offer institutional investors a "distinctly different investment alternative", as the joint companies said in a press release.
The initial investment portfolio comprises two vessels, a service operation vessel (SOV) for windfarms with a long-term charter to GE (General Electric), currently under construction, and a 12,000 cbm gas carrier (semi-ref LGC) operated in the Unigas Pool.
Navigo is directed by Ole Daus-Petersen, who has more than 25 years of experience in the shipping industry, and Andreas Spott (Investor Relations), who is working as manager project finance for Bernhard Schulte. (mw)