Clipper Projects Heads Up New MPP Ship Pool

Press Release November 19, 2012

Denmark-based Clipper Projects sets up multi-purpose (MPP) pool, which will form an integrated part of the current Clipper Projects MPP fleet.

The founding members of the pool are:

    •    Enzian Ship Management of Zurich, Switzerland
    •    Freese Shipping of Stade, Germany
    •    Clipper Projects of Copenhagen, Denmark

The new pool will initially comprise 14 x 15-20,000 dwt MPP vessels, but it is the clear intention of the members to expand the pool with more members and tonnage ranging from 10-20,000 dwt. The pool will be managed by Clipper Projects and will supplement the existing Clipper Projects fleet now numbering 45 modern multi-purpose vessels.

“The new pool will enable us to offer unique services to the market in terms of availability and quality. We firmly believe that the key to success is that we tailor-make our services to our customers’ requirements, instead of the other way around, and the flexibility we are able to offer with the larger fleet will be quite difficult to match,” says Kristian Morch, Partner and CEO of Clipper Projects, and continues: “The creation of this pool is in line with Clipper Projects’ strategy to participate in the consolidation of the multi-purpose market, and we believe that the pool will form a solid platform for further growth.”

Clipper Projects, a part of Clipper Group, is a leading carrier of project cargo with a modern fleet of MPP/heavy-lift vessels up to 20,000 dwt with up to 400 metric tons lifting capacity, and in-house technical management. Clipper Projects is headquartered in Copenhagen, with offices in Houston, São Paulo, Livorno, Dubai, Mumbai, Singapore and Dalian.