EuropeFinance and InsuranceGasOffshoreRenewables
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.