Marine asset manager Mjolner Shipping Holdings and New York merchant bank Mid-Ship Capital have just closed an oil tanker-focused investment fund.
The fund was formed to provide investors with access to vessel trading exposure in the crude tanker market.
Kevin Wise, Mjolner’s president and CEO, commented, “Mjolner is excited about the expansion of services it can provide via the Mjolner Solutions platform… The fund will complement our existing commercial management and pooling activities.”
Dean Fezza, Mid-Ship’s CEO, said: “We believe today’s environment provides investors with an attractive opportunity to profitably capitalize on the inherent volatility of the crude tanker market. We are excited to partner with Mjolner, a company with a strong commercial management platform and a proven track record of delivering returns for their stakeholders.”