As we come to the end of 2025, we wanted to take this opportunity to reflect on what has been a strong year of growth, development, and exciting progress for Pelagic Partners. During a year where the maritime industry has continued to navigate significant geopolitical, regulatory, and operational challenges, it has been heartening to see and experience the resilience of our industry in the face of sustained global volatility.
2025 commenced with a flurry of back-to-back industry events including Marine Money London, as well as Capital Link’s Greek and Cyprus Shipping Forums. During these events, members of our leadership team took part in engaging panel discussions which considered the current maritime landscape and explored the opportunities that were available for fresh investment.
The strength, diversity, and resilience of the maritime investment market was further illustrated in March, when Pelagic Partners announced the latest dividend distribution for Pelagic Fund I and the Pelagic Yield Fund. These distributions reaffirmed Pelagic Partners’ commitment to providing investors with consistent yields that are based on the strong operational performance of our assets, while continuing to highlight the benefits of our position as a diversified specialist within the maritime investment landscape, which provides us with the ability to adapt to the ever-evolving marine markets.
The summer saw further notable milestones reached following the keel laying ceremony for our second CSOV vessel, the Pelagic Wahoo, at Cochin Shipyard in India. The ceremony presented an opportunity to showcase Pelagic Partners’ continued investment in advanced, sustainable solutions that support the offshore industry. But the celebrations did not stop here; in October, the project reached another important milestone following the ceremonial launch of our first CSOV, Pelagic Walu, from Cochin Shipyard. The vessel has now entered the outfitting phase, which represents a step closer to joining the Pelagic Partners’ fleet in 2026. Developed under our Pelagic Wind Fund, the Pelagic Walu and Pelagic Wahoo will play an important role in supporting the industry’s transition to renewable energy, while offering strong returns for our investors.
Closer to home, Pelagic Partners also hosted a successful open house event at our new headquarters in Limassol. Held during Maritime Cyprus 2025, one of the most important maritime conferences for the region, the evening provided us with an opportunity to celebrate and connect with peers, partners, and friends throughout the maritime industry.
As we reach the end of the year, there are still a few exciting updates that we’ve been pleased to share with the market. These include the first acquisition within our newly created credit platform, Pelagic Credit. The successful acquisition – which represents the 31st acquisition since Pelagic Partners inception in 2020 – comprises three multipurpose (MPP) vessels. The three 17,500 DWT MPP vessels are currently employed under a bareboat charter arrangement with a minimum duration of five years. The Pelagic Credit platform represents an innovative new venture which is designed to directly address the increasing capital needs of the maritime industry, whilst also expanding Pelagic Partners’ capability as a shipowner and investment manager.
2025 has been a year full of challenges for the maritime industry which will continue to influence maritime markets and investment decisions as we move into 2026. However, amidst this market volatility, Pelagic Partners has once again proven its resilience, market knowledge, and experience to turn challenge into opportunity and it is with this dynamic and adaptive attitude that we look forward to embracing the new year.
