Nocc now in one hand
Institutional investors advised by J.P. Morgan Global Alternative’s Global Transportation Group acquired 50% of Norwegian Car Carriers (Nocc) from Klaveness Marine, taking its ownership to 100%. At the same time, Nocc acquired all minority shares in Nocc Atlantic DIS and became 100% owner of Nocc Atlantic.
Nocc has a fleet of three panamax size pure car truck carriers (about 6,500 ceu capacity) all chartered out on long term charters. For Olav Sollie, Nocc’s CEO, the shipping company is “delighted to continue to have J.P. Morgan’s clients as investors.”
According to J.P. Morgan Alternative’s Global Transportation Group this step will "help Nocc to achieve its goal of delivering safe, reliable and high quality operational performance" with the vessels employed under time charter contracts with car carrier operators. (lh)