Industry

Transportation/Warehousing

Company Type

WaterTranspotation

Size

$257 Million

Investment Type

Equity/Debt

 For important risk and disclaimer information, Click Here.

Overview 

 

Raising $257 million of debt and equity mix to finance the purchase of ten second-hand, medium range, 45-50 deadweight tons, double hulled, stainless steel, specialty chemical tankers.


Increased global GDP and trade combined with a shortage of ships to haul specialty chemicals has led to rising time charter rates and asset prices, presenting a compelling investment opportunity.


Specialty chemical shipping is growing >8% per year


Revenue generation from purchase charter back contracts with major chemical producers


Tanker purchase and time charter contract opportunity has been identified


Equity closing after execution of all ship purchase contracts, vessels inspections, time charter contracts, insurance contracts, debt agreements and vessel registrations

Solution/Strategy

 

Execute charter contracts from major chemical producers who pay for all fuels to operate the vessels


Establish transportation routes between private terminals


Implement a portfolio mix of chemicals and their feedstock – refined petroleum, acids, chemicals, palm and vegetable oils


Execute contract with third party to crew and operate the ships


Equity closing after execution of all ship purchase contracts, vessels inspections, time charter contracts, insurance contracts, debt agreements and vessel registrations

Learn More About This Transaction
0 Comments

Leave a reply

Your email address will not be published.

*

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

Sending

Log in with your credentials

Forgot your details?