Maritime investment fund launched

PensionDanmark, Danica and Navigare Capital Partners have agreed to invest more than $300m in a new maritime investment fund which will buy, lease and sell ships.

The purpose of the fund is to build a diversified portfolio of maritime assets including dry bulk, container, offshore, product, crude oil and chemical tankers, to put on charter to operators. Depending on the market conditions the ships will be sold off after a certain period of ownership.

PensionDanmark CEO, Torben Möger Pedersen said: PensionDanmark has for a while had a close dialogue with a number of players in the shipping business regarding collaboration in the maritime field. This has resulted in the establishment of Maritime Investment Fund to which PensionDanmark has committed $200m.”

The fund will eventually invite other institutional investors to participate.

“The investment will be handled by a very competent management team with a broad shipping experience e.g. from Maersk Brokers. We expect the new maritime fund to be a good investment with an attractive return during our relatively long term horizon,” explained Pedersen.

For more information visit www.pensiondanmark.com

26th March 2017