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SCHULTE GROUP ESTABLISHES MARITIME ASSET INVESTMENT PLATFORM

Tuesday, January 21, 2020 

The Schulte Group, one of Germany’s largest ship owners and ship managers, and German insurance group DEVK, are to establish Navigo Shipholding as a maritime asset investment platform for institutional investors.

The long-term objective of Navigo is to build up a mixed portfolio of vessels, predominantly under long-term charter agreements, providing good visibility of future earnings and thereby ensuring a calculable long-term steady yield. Navigo has been established to offer institutional investors a capable, competitive and not least distinctly different investment alternative.

The initial investment portfolio comprises two vessels, a service operation vessel (SOV) for windfarms with a long-term charter to GE (General Electric), currently under construction, and a 12,000m3 gas carrier (semi-ref LGC) operated in the Unigas Pool.

Navigo is directed by Ole Daus-Petersen, who has more than 25 years of experience in the shipping industry, and Andreas Spott (Investor Relations), who is working as Manager Project Finance for Bernhard Schulte, seconded to Navigo.

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