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%
Continue readingPelagic 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.
Continue readingMichalis 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.
Continue readingPelagic 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.
Continue readingPelagic Partners Commemorates Academic Excellence at Onassis Prizes Gala
On Tuesday, November 7, Pelagic Partners’ management had the privilege of attending the esteemed Onassis Prizes ceremony held at the historic Guildhall in the heart of the City of London. The event served as a platform to recognize and applaud the exceptional academic accomplishments of this year’s Onassis Prizes laureates.
Continue readingPelagic Partners at Maritime Cyprus 2023: Leading Change and Sponsoring the Future of Shipping
Pelagic Partners proudly sponsored and attended the prestigious Maritime Cyprus 2023 event held from October 8th to 11th. As an industry leader committed to innovation and positive change, our active participation in this conference underscored our dedication to shaping the future of the shipping industry.
Continue readingPelagic Partners Acquires a 20% Stake in Public Listed Company Golden Energy Offshore Services
We are pleased to announce our investment in Golden Energy Offshore Services (“GEOS”) through the public company’s latest round of private placement. The private placement was led by the company’s largest shareholder, Oaktree Capital Management. Pelagic Partners acquired 95 million shares to secure a 20% ownership stake and become the 2nd largest shareholder in the company. Pelagic Partners will also have a seat on the Board of Directors.
Continue readingSteel cutting ceremony signifies the commencement of zero-carbon emissions
The inaugural steel cutting event for the first two zero emission Commissioning Service Operation Vessels (CSOV) Pelagic Walu and Pelagic Wahoo, out of the total 6 planned under the Pelagic Wind Fund was held on September 1st at Cochin Shipyard in India.
Continue readingGeorgios Spyrou takes helm as Fleet Manager at Pelagic Partners
We are pleased to introduce Georgios Spyrou as the latest addition to our esteemed team as a Fleet Manager. Georgios’ extensive career in the maritime industry is marked by remarkable achievements and a profound wealth of experience, positioning him as a valuable asset within our organization.
Continue readingFurther expansion of the fleet with UBC Houston
Pelagic Partners’ second compartment continues its expansion with the recent addition of another Bulk carrier, bringing the total number of vessels under this compartment to seven and total acquired fleet of 18 since inception.
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