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Japanese buying and selling home Mitsui & Co is investing an undisclosed sum in a delivery fund managed by Denmark’s Navigare Capital Companions.
The Tokyo-based firm will, along with its subsidiary Mitsui & Co. Different Investments, put cash into Navigare Capital’s third maritime funding fund, focusing on $650m in capital and specializing in a various vary of sustainable delivery belongings with gross investments of round $1.5bn.
“This strategic transfer aligns with our dedication to assembly various worldwide maritime wants whereas selling steady and sustainable provide chains and lowering the carbon profile of the delivery business,” Mitsui stated.
Copenhagen-based Navigare, established in 2017 by Maersk chairman Robert Maersk Uggla and 4 well-known delivery executives, presently has three funds underneath administration, and its third ‘Maritime Funding Fund’ has already been boosted by practically $350m.
The corporate, which has accrued working belongings price $2bn, together with containers, bulkers, tankers and fuel carriers, additionally not too long ago expanded its footprint within the offshore wind sector with as much as three extra commissioning service operation vessel newbuilds for Norwegian shipowning firm Norwind Offshore.
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