Navigare Capital Partners Buys Boxship Trio

Danish investment company Navigare Capital Partners has acquired three container ships for its shipping fund, the company confirmed.

According to the company’s website, it has already invested in a number of vessels, including three tankers built in 2012 and a 2014-built dry bulk carrier.

The latest transaction includes two 2015-built boxships, purchased from Greek owner Oceanbulk Container Carriers, as well as a newbuilding container ship, scheduled to be delivered in the first quarter of 2018. The three ships have a capacity to carry 10,000 TEUs each.

The vessels in question are the CMA CGM Ganges and CMA CGM Mekong, constructed by Korean shipbuilder Hyundai Heavy Industries, while the third ship is YZJ hull no. 1170, being built by China’s Yangzijiang.

Although the company did not unveil the price tag of the ships, VesselsValue data shows that the 2015-built units have a market value of around USD 69 million.

In March 2017, Navigare Capital Partners raised in excess of USD 300 million from two corner investors, PensionDanmark and Danica Pension in the initial closing for Maritime Investment Fund I.

The fund was established with an aim 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.

Navigare Capital Partners’ fleet now stands at seven vessel, and the company plans to acquire more vessel in 2018, ShippingWatch informed citing the investment fund.

World Maritime News Staff

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