Tanker investment fund launches

Tanker investment fund launches

Marine asset manager Mjolner Shipping Holdings and New York merchant bank Mid-Ship Capital have just closed an oil tanker-focused investment fund.

The fund was formed to provide investors with access to vessel trading exposure in the crude tanker market.

Kevin Wise, Mjolner’s president and CEO, commented, “Mjolner is excited about the expansion of services it can provide via the Mjolner Solutions platform… The fund will complement our existing commercial management and pooling activities.”

Dean Fezza, Mid-Ship’s CEO, said: “We believe today’s environment provides investors with an attractive opportunity to profitably capitalize on the inherent volatility of the crude tanker market. We are excited to partner with Mjolner, a company with a strong commercial management platform and a proven track record of delivering returns for their stakeholders.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Barry Parker
    September 17, 2017 at 6:07 pm

    Would have hoped for something comporting w Mid-Ship dry cargo roots, but I suppose K-M-I influence has put their eyes on tankers.