Capital, Liberty One Form Joint Venture

Marinakis-led vessel operator Capital Ship Management Corp has established a joint venture company with German counterpart Liberty One under the name Capital Liberty Invest.

The new company will explore growth opportunities in the container segment, ranging from feeder to Post-Panamax vessels, as well as in the crude and product tanker, dry bulk and multi-purpose vessels (MPP) segments.

The focus of the new ship management company will be the German shipping market.

Capital Liberty Invest kick started operations in January 2018 and is based out of the Liberty offices in Leer and headed by Liberty CEO, Dietrich Schulz.

 “I am pleased to see Capital join forces with Liberty. I hold Mr. Schulz and his company in high esteem and I believe that through our Joint Venture, we will be able to provide quality ship management services and asset trading platforms to the German market and beyond,” Capital Maritime & Trading Corp., CEO Gerry Ventouris, said.

“This joint venture will provide us with an expanded capability to offer a range of services to stakeholders in the German shipping market and across different shipping segments and sizes. I am personally delighted to work with such an established shipping company as Capital Ship Management Corp., which enjoys an excellent reputation in global shipping markets,” CEO Dietrich Schulz of Liberty commented.

Capital, a subsidiary of Capital Maritime & Trading Corp., and its affiliates currently operate a fleet of 74 vessels including 49 tankers, 6 bulk carriers and 19 container vessels with a total dwt of 9 million tons.