German Fintech Launches New Digital Ship Investment Project

EURIllustration; Source: Pixabay under CC0 Creative Commons license

Hamburg-based Fintech company Marvest has launched a digital ship investment project with the Norwegian shipowner EOS Bulk Invest.

The project will see a maximum amount of EUR 2 million (USD 2.2 million) raised for the bull carrier MV Manisa Floyen via the Marvest online platform.

This is the third such project carried out by Marvest, following the first two financings involving ships Louise Auerbach and FL Levante.

As explained, investors will receive a fixed interest of 6.5% p.a., including a partial amortization over the loan period. Moreover, Marvest has developed a new structure which grants investors a registered mortgage in the Portuguese ship register as security.

The issuing SPV for this emission, Manisa Floyen Beteiligungs GmbH, will grant the bulk carrier a loan that will be secured by a first preferred mortgage registered in the respective ship register Portugal.

The new business model is seen as a way of opening the shipping market for private, semi-professional and institutional investors with a fully digitized investment-process over the platform. On the other hand, shipowners can tap into a new source of capital for their vessels.

Built in 2006, the 8,100 dwt Manisa Floyen is operated by Vaage Ship Management, according to data provided by VesselsValue.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >