Oltmann makes KG return

Oltmann makes KG return

A decade since it last dabbled in the KG markets, Germany’s Oltmann Group has launched a new investment scheme to invest in a new MPP ship for Leer-based Briese Schiffharts.

Oltmann is seeking investments of up to EUR8.7m with a minimun participation of EUR20,000 and claims the investments will deliver after-tax returns of 8.2%.

The ship in question is the second in a series of four being built in China, which Oltmann claims use 30% less fuel than other similarly sized MPPs.

Oltmann, founded in 1986, was one of the big names in German ship finance through to the global financial crisis 10 years ago, involved in some EUR3bn of ship deals to date.

KG funds took a severe battering with the onset of the financial crisis. At their peak they accounted for the financing of more than a quarter of the global orderbook 11 years ago.

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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