Schulte, DEVK Create New Maritime Asset Investment Platform

NavigoWind farm SOV under construction. Image Courtesy: Schulte

Germany’s shipowner and ship manager Schulte Group and compatriot insurance group DEVK have established Navigo Shipholding AG, a maritime asset investment platform for institutional investors.

As explained, the long-term objective of Navigo is to build up a mixed portfolio of vessels, predominantly under long-term charter agreements, providing good visibility of future earnings and thereby ensuring a calculable long-term steady yield.

“Navigo has been established to offer institutional investors a capable, competitive and not least distinctly different investment alternative,” the Schulte Group said in a statement.

The initial investment portfolio comprises two vessels, a service operation vessel (SOV) for wind farms with a long-term charter to General Electric (GE), currently under construction, and a 12,000 cbm gas carrier 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, who is working as Manager Project Finance for Bernhard Schulte and is seconded to the new company.

The Schulte Group owns 90 and manages 600 vessels globally.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 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 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

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 >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

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 >