Dutch investment management company Hanzevast has launched a new shipping fund in order to accommodate the sustainability needs of the maritime industry.
As informed, the high-yield fund will offer an investment opportunity for a select group of up to 111 investors.
Moreover, it will serve as a source of capital for innovation and the construction of new ships, according to the company.
Specifically, by investing in ‘Vlootfonds Hanzevast 3 – Handysize Opportunity Fund’, a maximum of 111 investors will become co-owners in a fleet of four high-quality Handysize bulk carriers, with an expected return of 14.9%.
“Private capital is of great importance for development and innovation in shipping. The current sustainability challenges reinforce the role that is reserved for investors. The right type of investor can make an important contribution here – and achieve good returns. That is what we are aiming for,” Manon Wolters , General Manager of Hanzevast, commented.
The Netherlands has a long tradition in maritime trade and shipping investments. Dutch investors have historically played a significant role in financing shipping projects. As early as the 17th century, investors’ capital was pooled. This provided the financial clout to finance large fleets and trade around the world.
The first Hanzevast shipping funds were initiated in 1999. In 2001, the company was the first to launch a shipping fund that was ‘simply’ based on the return from the long-term exploitation and eventual sales proceeds of a ship. To date, a total of twenty shipping funds have followed, in eight different shipping segments.
According to Hanzevast, the revenue model remains simple. The innovation lies in the fact that shipping funds are currently practically not offered. It is a unique opportunity for investors with a vision to profit from the growing global demand for sea transport. After all, 90% of international transport is by sea. In addition, sea transport is the most sustainable mode of transport per tonne mile, according to the Royal Association of Netherlands Shipowners (KVNR).
In related news, the European Commission recently unveiled the Ship Financing Portal which provides businesses and organizations with a repository of available financial tools needed to drive fleet renewal and retrofitting, enhance efficiency, and reduce environmental impact.
The platform , launched by the European Commission’s Directorate-General for Mobility and Transport, is designed to improve access to financing for the shipping sector and the wider maritime industry.