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Tonnage as an asset class
Ships generate cashflow
from the first fixture.
You always know your exit.
Unlike most real assets, a vessel produces daily revenue from the moment it enters service. The secondhand market is global and liquid. The depreciation curve is predictable and modelable. And when the market turns — as it always does — the upside is asymmetric.
01
Daily Cashflow
A vessel on time charter generates revenue every day — not quarterly, not on exit. Charter hire is contractual, predictable, and independent of equity market volatility. The asset pays its way from delivery.
02
Liquid Secondary Market
Ships trade globally. A vessel can be sold in Singapore, Rotterdam, or New York. There is no lock-in, no captive buyer pool, no illiquidity premium. Your exit is a function of market timing, not market access.
03
Known Depreciation
The depreciation curve of a standard bulk carrier is well-documented across decades of Baltic data. You can model it. You can stress-test it. Counter-cyclical entry at depressed asset values means the floor is often lower than the scrap price.
The investment thesis
We are not asking you
to time the market.
Shipping is cyclical. This is not a risk to be managed — it is the investment thesis. Counter-cyclical entry at depressed asset values, supported by time charter coverage from day one, means you can let the cycle do the work.
The structure we favour is straightforward: a single-asset SPV, a conventional financing package against charter coverage, and a management team with operational skin in the game. Each asset stands alone. Capital can be deployed incrementally. When the market falls further, you can average down.
The Handymax and Supramax segments are particularly suited to this approach: deep secondhand liquidity, broad trading flexibility, a global charter market, and a fleet age profile that continues to favour modern tonnage.
When
Timing & structure
We work alongside you to find the optimal balance — acquisition price, financing structure, equity contribution — calibrated against prevailing market conditions for Handy and Supramax tonnage.
NPV / NAV
Backtest & decision framework
Using Baltic Exchange index data, we model entry points against decision points — so every acquisition is grounded in historical context, not speculation.
How we work with investors
We work with asset owners, family offices, and principals who are evaluating exposure to dry bulk and project cargo tonnage — from initial thesis development through asset selection, financing structure, and ongoing management coordination.
Our engagements are private, our mandates are specific, and our access is direct. We do not distribute circulars. We do not manage funds. We work with a small number of principals at any given time, which allows us to be fully engaged with each project.
A private conversation
This is not a public offering. If you are a qualified investor interested in maritime asset exposure, we would welcome a conversation.
All enquiries are handled directly and in strict confidence. There is no obligation and no intermediary.
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