Author: Sitereview

NIBC’s 10th Maritime Dinner and Pelagic Partners’ Refinancing

In the captivating setting of Amsterdam’s iconic canals, NIBC’s Shipping Team hosted the 10th Maritime Dinner on May 15th. Industry leaders gathered aboard an elegant salon boat for insightful dialogue. Among the prominent attendees were Atef Abou Merhi, Managing Director of Pelagic Partners, and Ahmad Abou Merhi, Executive Director of Pelagic Partners, as the event provided a platform to celebrate shared accomplishments and explore forthcoming opportunities within the maritime domain.

Pelagic Fund I delivers value through 4th dividend distribution

Pelagic Fund I is proud to announce the continuation of its dividend distribution, exemplifying our dedication to shareholder value. As we celebrate the completion of the fourth dividend payout under Pelagic Fund I since its inception in 2020, we reflect on the journey of growth and success we’ve embarked upon alongside our investors.

Pelagic Partners joins forces with Borealis Maritime in state-of-the-art PSV duo investment

Shipowner and shipping fund manager, Pelagic Partners, has successfully completed an investment in two state-of-the-art platform supply vessels (PSV) that will see it partner with private investment and asset management firm, Borealis Maritime.

Pelagic Partners at the 29th Annual Dinner and Dance of the Hellenic Engineers Society of Great Britain (HESGB)

The Hellenic Engineers Society of Great Britain (HESGB) hosted its 29th Annual Dinner and Dance, underscoring the profound synergy between Greek maritime heritage and philanthropy. The event, held at the prestigious Grosvenor House Hotel in Mayfair, was not merely a social gathering but a demonstration of commitment towards the retrieval of the Parthenon Marbles, a cause deeply resonant with the Hellenic spirit.

Atef Abou Merhi discusses investment trends and prioritizes ESG values at Marine Money Hamburg

Atef Abou Merhi, Managing Director of Pelagic Partners, took the stage as a panelist at Marine Money in Hamburg, where he provided valuable insights into the current state of the investment landscape and Pelagic Partners’ strategic approach.

Ronis Kyperesis addresses Pelagic Partners’ success at the 7th Capital Link Shipping Forum

Ronis Kyperesis, Head of Finance at Pelagic Partners, took center stage at the 7th Annual Capital Link Forum in Limassol as he participated in a panel discussion focused on the topic of Investing in Shipping.

Pelagic Partners celebrates strong NAV growth with US$108.58 per unit Dividend Distribution

Pelagic Partners declares a dividend payment to the investment shareholders of the Pelagic Yield Fund. This distribution of US$108.58 per unit, represents a cash yield of around 7%

Pelagic Partners builds stake in Hunter Group as it bets on tankers

Cypriot shipowner Pelagic Partners is boosting its stake in Norway’s Hunter Group. On Wednesday, Pelagic Investment Fund RAIF, closely associated with co-founder Atef Abou Merhi, on behalf of its investment compartment, Pelagic Yield Fund, bought 409,695 shares in Hunter.

Michalis Vasiliou Elected Board Secretary of Cyprus Investment Funds Association (CIFA)

Michalis Vasiliou, our Executive Director, has been elected as the Board Secretary of the Cyprus Investment Funds Association (CIFA) during its Annual General Meeting.

Pelagic Partners increases stake in Golden Energy Offshore Services

n a strategic initiative in the offshore sector, Pelagic Partners strengthens its position in Golden Energy Offshore Services (GEOS). In a recent stock exchange filing, Pelagic Partners acquired an additional 6.12 million shares at NOK 1.2975 per share, totalling to nearly NOK 8 million ($770,000). This transaction elevates Pelagic Partners’ stake to 23.63%, amounting to a total of 118.5 million shares, positioning the Investment Fund as the second-largest shareholder in the company.