Cypriot shipowner and shipping fund manager, Pelagic Partners,
Cypriot shipowner and shipping fund manager, Pelagic Partners, said its new investment platform, Pelagic Credit, headquartered in Limassol, has been listed and began trading on the Oslo Stock Exchange.
The company described the move as an expansion of its ownership-led, disciplined maritime investment platform.
The new investment platform, according to Pelagic Partners, is a yield-orientated shipowning company aimed at generating cash flows supported by long-term contracted employment of maritime assets.
It is also intended to provide structured financing solutions to the maritime industry, supported by an initial capital raise of $75m, anchored by Pelagic Partners.
“Pelagic Credit represents a unique product within public markets that is designed to bridge the current capital funding gap within the maritime industry, to support the demand for structured leasing transactions,” said Pelagic
