Schulte Group has teamed up with compatriot insurance company DEVK to establish a maritime asset investment platform for institutional investors.
Navigo Shipholding AG (Navigo) aims to build up a mixed portfolio of vessels, predominantly under long-term charter agreements.
The aim is to provide good visibility of future earnings and thereby ensuring a “calculable long-term steady yield”, said Schulte.
“Navigo has been established to offer institutional investors a capable, competitive and not least distinctly different investment alternative,” it added.
The initial investment portfolio comprises two vessels, an under-construction windfarm service operation vessel (SOV) with a fixed rate 10-year charter to General Electric and the 12,000 cbm semi-refrigerated gas carrier Theresa Schulte (built 2014), which is operated in the Unigas pool.
Ole Daus-Petersen has been named as chief executive of Navigo. He is said to have over 25 years of experience in the shipping industry.
He will be joined at the Hamburg-based company by Andreas Spott as head of investor relations. He has been seconded from Bernhard Schulte where he working as project finance manager.
"With a changing regulatory environment within the corporate banking sector the dynamics of ship finance are changing too, opening opportunities for equity capital providers to partake directly in the long-term revenues that are derived from transporting goods and commodities across the globe," Navigo said.