Maritime investments fund Pelagic Partners acquires two LPG carriers together with Danish gas shipping specialist B-Gas.
With this acquisition, the ship-owning fund now owns in total five LPG carriers that it controls.
The two semi-ref LPG carriers originate from 2003 and 2004. They offer capacities of about 3,000 cubic metres each.
Additionally, Pelagic Partners took delivery of the MR2 product tanker Star Osprey . The vessel, made in 2007, will join the Norient Product Pool. The partner in this was Cypriot outfit Interorient Shipmanagement.
Through the latest additions, its Fund I now comprises a total of eight vessels. It has a current value of around $60 million. Hence, Pelagic completed and officially closed its Fund I.
Furthermore, preparations are ongoing to kick off Pelagic Fund II in January 2022.
“Given the success of Fund I with an AUM target of 50 million USD, we look forward to go even bigger with our new Fund II, which has an AUM target of 100 million USD” , said Atef Abou Merhi, managing director of the fund.