Commercial manager Mjølner Shipping Holdings and transport investment banking firm MID-SHIP Capital have launched their second fund, the Mjølner Product Solutions fund which will focus on product tankers.
The two companies launched a crude tanker fund in 2017, and this new fund is designed to provide investors with access to vessel trading exposure in the product tanker market. Mjølner and MID-SHIP will provide services including commercial management, risk management, finance and investor relations.
R.J. Lyons, President & CEO of Mjølner, commented: “We are excited to partner with MID-SHIP for the Product Solutions fund. We believe that the prevailing market environment will offer investors premium rates of return and we look forward to efficiently and effectively deploying capital on their behalf.”
“We couldn’t be happier with our Mjølner partnership and view Product Solutions as a natural expansion of the platform. We look forward to commencing trading,” added Dean Fezza, CEO of MID-SHIP.