Mitsui to Invest in Ship Investment Fund Managed by Navigare Capital Partners

Source: www.gulfoilandgas.com 5/20/2024, Location: Asia

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Kenichi Hori) has decided to participate in Maritime Investment Fund III K/S ("MIF III"), a maritime investment fund established and operated by Navigare Capital Partners A/S ("Navigare", Head Office: Copenhagen, Denmark), through intermediate companies, together with Mitsui & Co. Alternative Investments Limited, a wholly owned subsidiary of Mitsui.

Navigare was established in 2017 by Robert Maersk Uggla, the Chairman of A.P. Moller Maersk A/S, one of the world's largest shipping, logistics, and infrastructure companies, and four well known executives in the shipping industry as partners to join the company. Navigare has since formed and operated two maritime investment funds. Accumulated operating assets have reached approximately USD 2 billion, and Navigare has built up an excellent investment track record in a diverse range of maritime assets through the effective utilization of its large global shipping network.

MIF III, its third fund, is expected to invest in maritime assets totaling about USD 1.5 billion (approximately JPY 230 billion). With a focus on environmentally friendly vessels for stable and sustainable maritime transportation, it plans to invest in offshore vessels, gas carriers, container vessels, car carriers, tankers, and bulk carriers.

In the international shipping industry, it is expected that tighter environmental regulations and the diversification and increasing complexity of vessel types will give rise to a greater demand for diversified shipping asset management business. While connecting its networks in the vessel/shipping industries with the domestic financial market in order to maximize profits of MIF III, Mitsui will promote maritime asset management business together with Navigare, meeting the diverse international maritime needs and contributing to building a foundation for securing stable and sustainable supply in society.


Nigeria >>  6/20/2024 - TotalEnergies, operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL...
Mexico >>  6/19/2024 - Mexico Pacific (“Mexico Pacific” or the “Company”), owner of the Saguaro Energía LNG facility and associated Sierra Madre Pipeline, today announced th...

Australia >>  6/18/2024 - AEMO has published its annual reliability outlook for Western Australia’s South West Interconnected System (SWIS), which presents a significantly impr...
Canada >>  6/17/2024 - TowerBrook Capital Partners L.P. (“TowerBrook”), the New York and London-based international investment firm, announced a majority equity investment i...

United States >>  6/17/2024 - EverGen Power ("EverGen"), a newly-formed power generation acquisition advisory firm, and Strategic Value Partners, LLC ("SVP"), a global alternative ...
Australia >>  6/14/2024 - For the past two years, West Perth-based Carnarvon Energy has been seeking to sanction and advance the Dorado project, a field development project tha...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.