Pelagic Yield Fund increases its portfolio with UBC Hamburg

The acquisition of UBC Hamburg (previously named Shanghai Pearl) expands the portfolio of the second compartment, Pelagic Yield Fund, to four vessels. The Handysize Bulk Carrier was built in 2011 at Hyundai Mipo Dockyard in South Korea and has a capacity of 37,000 dwt. The vessel  will be reflagged under Cyprus and will trade in the UBC Pool.

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KPMG Partner Michalis Vasiliou Joins Pelagic Partners

Michalis Vasiliou, joined Pelagic Partners and is appointed as Executive Director. Michalis holds a first-class degree in Accounting and Finance from the University of Manchester. He is a Fellow member (FCA) of the Institute of Chartered Accountants in England and Wales (ICAEW) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC).

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We are part of the Cyprus Shipping Chamber (CSC)

We are officially part of the Cyprus Shipping Chamber, the trade association of the shipping industry in Cyprus and one of the largest national shipping associations in the world!

Having witnessed considerable growth since its establishment in January 1989, with originally seventeen Founding Members, the Chamber today comprises the major shipowning, shipmanagement and shipping related companies based in Cyprus. At the moment, CSC has more than 180 members who control 2,200 vessels in total.

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New Pelagic Wind Fund kicks off with up to 6 CSOV newbuilding orders

As part of its third compartment under the name “Pelagic Wind Fund”, Pelagic Partners has secured a series of 2+2+2 newbuild orders for Commissioning Service Operation Vessels (‘CSOVs’) at Cochin Shipyard in India. The order has a value of over 350m Euro and the vessels are expected to be delivered in Q1 2025, as mentioned during the signing agreement that took place today in Cochin, India where executives from Pelagic Partners, Pelagic Wind Services and Cochin Shipyard launched the new partnership.

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Newly launched Global Maritime Fund (GMF) Championed by the International Maritime Industries and Managed by Pelagic Partners

International Maritime Industries (IMI), the largest shipyard in the MENA region, partnered with Pelagic Partners and championed GMF to offer innovative financing solutions to key customers and maritime companies around the world.  

Managed by Pelagic Partners, GMF aims to become the world’s largest maritime fund to provide innovative financing solutions that are globally competitive, scalable and fit for purpose, with a focus on ESG financing to support IMI’s key regional and international customers, and other companies operating in the Saudi maritime industry.

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Pelagic Partners declares dividend payout

On July 22 2022, Pelagic Partners declared a dividend payout of $5.29 per investment unit to the investors of Pelagic Fund I.

This is in line with the annual 5% dividend payout strategy in place by the management to ensure a consistent cash stream to our investors. Due to strong operational performance, investors also captured an increase in NAV, the fourth registered semi-annual increase since launching in July 2020.

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