Navigare Capital Partners, with Robert Mærsk Uggla as majority owner, is divesting from its fleet for the first time, Managing Partner Henrik Ramskov tells WPO.
Investment company Navigare Capital Partners has completed the first sale of vessels from its fleet.
Managing Partner Henrik Ramskov confirms to WPO that Navigare has sold three dry cargo vessels. This comes after a period in which a strong dry bulk market in 2021 has propelled the value of vessels to new heights.
“It’s correct that Navigare has sold the three vessels and that it’s the three first divestments from the fleet,” writes Henrik Ramskov in a comment to WPO without providing details about the price or the buyer.
Ramskov previously informed WPO that selling off some vessels would in time be natural for Navigare, which has invested broadly in vessels in recent years.
Established in 2017, the company is owned by a group of five partners with CEO of A.P. Møller Holding, Robert Mærsk Uggla, being the majority owner.
Prior to the sales, Navigare had built up a fleet of 24 vessels through its two shipping funds holding investments from Danish pension companies Pensiondanmark, Danica Pension and Lægernes Pension.
The vessels are spread across different segments such as tanker, dry bulk and container as well as LNG. Earlier in the year, Navigare purchased a VLCC tanker.
The sales concern three Ultramax dry bulk vessels that were built in China. Two of them are from 2017 and the third is from 2014.
With the sales, two dry bulk vessels remain in Navigare Capital Partners’ fleet, according to an overview on the company website.
