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Schulte debuts maritime asset investment platform

German shipping major Schulte Group has linked up with DEVK, a local insurance group, to create Navigo Shipholding, a maritime asset investment platform for institutional investors.

The long-term objective of Navigo is to build up a mixed portfolio of vessels, predominantly under long-term charter agreements.

The initial investment portfolio comprises two vessels, a service operation vessel (SOV) for windfarms with a long-term charter to General Electric, currently under construction, and a 12,000 cu m gas carrier operated in the Unigas Pool.

Navigo is headed by shipping veterans Ole Daus-Petersen and Andreas Spott.

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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