Easterly Asset Management’s (“Easterly”) Maritime Logistics Equity Partners (“MLEP”), a company formed to capitalize on imbalances and dislocations in the international shipping markets, today announced its formal rebrand as Easterly Clear Ocean.
The rebranding underscores Easterly's commitment to showcasing its carefully curated, high-performing investment teams, with no impact on the ownership structure or the day-to-day strategic operations of the company. The new brand name underscores the clarity and opportunity the Easterly Clear Ocean team can provide to investors in an otherwise difficult-to-access and historically opaque market.
Easterly Clear Ocean is one of the largest western fleets of chemical tankers in the world. A leader in maritime investment, Easterly is strategically positioned to capitalize on the expanding $14 trillion maritime shipping industry, which transports 90% of the world's goods. The company's fleet transports chemical products that are critical to maintaining core industries including wind turbines, construction, food production, semiconductors, and pharmaceuticals, among others.
“Easterly Clear Ocean’s rebrand reflects our commitment to growing our maritime business, one of our core alternative solutions for private wealth investors,” said Darrell Crate, Founder and Managing Principal of Easterly Asset Management. “Easterly Clear Ocean’s established track record and deep industry expertise in shipping enables the company to identify and take advantage of emerging maritime market trends, providing investors with a clear path to navigate this sector successfully.”
Easterly Clear Ocean was formed to capitalize on imbalances in global commodity transportation capacity driven by surging demand and constrained supply. Easterly’s chemical tanker fleet transports essential liquids, including palm oil, molasses, and feedstocks. The strength of the market persists amidst shrinking supply, with chemical tankers retiring faster than new ships are built. Meanwhile, global demand for chemical transport continues to grow.
