EuropeGasMaritime CEOTankers

Celsius Shipping: New sector mulled

Copenhagen: Celsius Shipping is looking to diversify and is keen to invest in new tonnage this year.
Celsius acts as a platform for investors to come in on ship acquisition deals with a focus on specialized tonnage. Its investments to date have been centred on chemical and product tankers as well as LPG tankers. However, the time has come to look at other ship types too, says chairman Jeppe Jensen.
“We are focused on the core business segments we currently operate in – chemical tankers, LPG carriers and product tankers, but we may look into a new shipping segment during 2015 to diversify our business,” Jensen tells Maritime CEO in our sixth consecutive shipowner profile on this site. Jensen will not be drawn on what sector he is looking at, but says analysis is ongoing as to the best time to get up and started in this new direction.
Jensen says 2014 saw significant growth for Celsius particularly within the stainless steel chemical tankers as well as ethylene carriers, both second hand acquisitions and newbuildings.
“We expect the rates for stainless steel chemical tankers to firm up during 2015 and continue this trend into 2016,” Jensen says.
Jensen has a long history in shipping and latterly ship investment. He started out with AP Moller – Maersk, he then became ceo of JP Morgan’s ship investment vehicle, Ceres Marine Partners, before heading up GasLog. In addition to Celsius, he is an executive director at Odfjell Gas Carriers and the founder of a shipping private equity firm, Breakwater Capital.
Given this extensive background gives him clarity on what it takes to be a successful shipowner.
“As we have said many times,” he says, “we strive to get the long term right in our businesses, no matter when your entry happens. This approach to business and risk facilitates survival even in the most difficult periods of turmoil.” [30/01/15]

Splash

Splash is Asia Shipping Media’s flagship title offering timely, informed and global news from the maritime industry 24/7.
Back to top button