April 1st, 20200Navigare Capital Partners, a Copenhagen-based alternative investment fund manager dedicated to investments in maritime assets, is gearing up for a new round of ship acquisitions with its Maritime Investment Fund II. Navigare was founded in 2017 by Robert Mærsk Uggla and four partners to provide institutional investors with the...
March 31st, 20200On July 1 last year Matt Duke took over from Camilla Grieg as CEO of Grieg Star, one of the best known names in Norwegian shipowning. Coming from an IT background, Duke is busy transforming the company into a pioneer for the digital age. Duke joined Grieg Star as chief business process officer in January 2018. He came from a role as...
March 26th, 20200December saw tanker commercial management firm Concord Maritime, launched in April 2018 by Ben Ognibene, move into shipowning with the acquisition of 2007-built Samsung aframax tanker Aegean Blue from Greece’s Arcadia Shipmanagement. “We like the fundamentals in the aframax markets – global cargo volume growth, rapidly slowing...
March 24th, 20200It’s been five years since Maritime CEO came calling at the Hamburg headquarters of Auerbach Schifffahrt. It has been a bumpy ride for sure, but the very Hanseatic founding principles of this multipurpose shipowner remain the same - composure, reflection, action. Founded in 2010 by former Ernst Russ executive Lucius Bunk, the fleet...
February 13th, 20200Arguably no sector in shipping is more constantly on a knife edge than the VLCC sector, a segment prone to extremely rapid swings in earnings. A safe pair of hands is what is needed to navigate the supertanker seas and in Hugo De Stoop, Euronav has the right person for the job. A 15-year veteran at the Antwerp company, De Stoop stepped...
October 11th, 20190Van Dam Shipping has signed a contract for the installation of an eConowind supplied wind assisted propulsion system on its 3,600 dwt general cargo vessel . The Spijk, Netherlands-based company will take delivery of the Ventifoil system in the final quarter of this year. For eConowind, located in Groningen, Netherlands, it is the...
October 10th, 20190Limited port facilities in developing countries are giving an Italian company a chance to upscale an old business model. Corrado Cuccurullo is the CEO of Shi.E.L.D Services, the newly born management company specialsed in transhipper units, created when Coeclerici decided to exit the coal logistics business after more than 15 years....
October 8th, 20190Express Holding is the latest financial player to enter the shipping industry in Italy, promising to operate in the market with a different approach. “We don’t act as the traditional NPL managers are used to do. We are an innovative shipping platform as we look at financial exposures capable of giving us a majority share of the...
October 4th, 20191Carsten Mortensen is back, hunting product tanker opportunities with a new fund. The former CEO of both BW and Norden has teamed with well-known shipping private equity professional Freddie Lee to create Dee4 Capital Partners, which started off in the summer by closing a $41m capital raising exercise, with further capital to be raised...
October 2nd, 20190The latest issue of Maritime CEO magazine launches today just in time for the upcoming Cyprus maritime week. As ever there’s the views of shipowners from across the globe, top markets commentary as well as deep dives into pertinent topics affecting the shipping industry today. A special feature in this issue looks at the rise of...
