Hansa Hamburg Shipping Launches Investment Fund

Tuesday, December 07, 2004
Hansa Hamburg Shipping International announced the launch of its latest fund issue, Margara mbH & Co. KG. The fund is available for subscription immediately and offers prospective investors the opportunity to invest in a state-of-the-art, highly versatile, double-hull Panamax tanker.

"We are pleased to offer our investors an exciting capital investment opportunity with a planning horizon of around 14 years", explains Hansa Hamburg director Erich Schlegel. According to Schlegel, given the tanker's attractive purchase price and the favourable long-term market fundamentals, the fund is well-positioned for an above-average return on investment.

Investors have the option of subscribing to the 2004 or 2005 tranches of the ordinary capital, the preference capital, or a combination of all three. Limited partners in the investment fund can expect returns of 8% p.a. in 2005, rising to 20% in 2017. The investment object, the "MARGARA", is a state-of-the-art, double-hull Panamax tanker with a tank volume of over 80,000 cubic meters and a carrying capacity of 71,345 tdw. It operates fully laden at a service speed of 14 knots, has special-purpose tank coatings and is built to the IC ice-class specification for operation in light ice conditions. And, thanks to its double-hull structure, the vessel complies with the IMO's stringent safety standards.

Margara was built at the 3. Maj shipyard in Croatia under the supervision of the American Bureau of Shipping (ABS) and went into service in 1999. Today, it is jointly managed and operated by Hamburg-based Jacob Tankschiffahrt GmbH & Co. KG and Ernst Jacob GmbH & Co KG.

The 'KG-model' investment fund partnership Margara mbH & Co. KG was established in 2003 and acquired the "Margara on November 20, 2003. Since then, the vessel has been in service worldwide under a five-year time charter agreement with the Malta-based Doria Shipping Company Ltd., a member of the Scorpio group. The charter ends in 2008.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Thome Is the First to Sign up to IMPA Act

Leading integrated ship management service provider Thome Ship Management has become the first ship management company to join IMPA ACT, the responsible supply chain management initiative,

Legislation Grants Funding for EU's EMSA

EU Council Adopts Regulation on EMSA Funding The European Union Council adopted a regulation yesterday to finance the actions of the European Maritime Safety

Wärtsilä to Divest its Shares in Two-stroke JV

Wärtsilä to divest its shares in QMD two-stroke joint venture Wärtsilä announced that it will divest its shares in the Qingdao Qiyao Wärtsilä MHI Linshan Marine Diesel Co.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1007 sec (10 req/sec)