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LGR Navigazione selling two MR tankers to newly formed Navigare Capital Partners

LGR Navigazione selling two MR tankers to newly formed Navigare Capital Partners

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Italy’s LGR di Navigazione is in the process of selling two of the four MR tankers remaining in its fleet to a company in connection with the newly formed Navigare Capital Partners. Navigare is an investment company established a few weeks ago investing in maritime assets including asset backed securities and debt. Navigare aims to build a diversified portfolio of assets across shipping segments. The first partnership has already been signed with Danish pension funds PensionDanmark and Danica which gave birth to the Maritime Investment Fund I whose mission is to buy, lease and sell ships.

The first two assets due to be bought by Navigare for some $48m are the MR tankers Miseno and Nisida, both ships delivered to LGR Navigazione by STX Shipbuilding in 2012. The Naples-based shipping company lead by Carlo Pontecorvo will be left with two tankers as another four gas carriers were already sold to Anthony Veder in January 2016.

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Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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