Author: Sitereview

Pelagic Partners declares dividend payout for Pelagic Yield Fund

On January 20 2023, Pelagic Partners announced the first dividend distribution under Pelagic Yield Fund, only 3 quarters after inception.

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).

Pelagic Yield Fund expands with Summit Africa

Pelagic Yield Fund, our second compartment, continues to expand with another vessel. Summit Africa is an LR tanker which was built 2009 at New Times Shipyard in Jingjiang, China with a capacity of 73,500 dwt.

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.

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.

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.

Pelagic Partners is the Gold Sponsor of Maritime Cyprus Conference

We are the Gold Sponsor of this year’s Maritime Cyprus, the conference which attracts more than 1000 participants from all over the world, including shipowners, shipping executives, regulators and state officials.

Pelagic Partners declares dividend distribution

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.

Pelagic Partners attended Posidonia 2022

Pelagic Partners’ team and associates attended Posidonia which took place in Athens the previous week. Our team took part in various high – profile conferences and discussion panels related to the industry’s current challenges and opportunities that lay ahead. A well – attended reception hosted by International Maritime Industries (IMI) to promote the new King Salman Global Maritime Industries Complex was the highlight of our experience, as the reception introduced the upcoming Global Maritime Fund, our venture with IMI.