GERMAN businesses, ship-owning operation Schulte Group and insurer DEVK, have announced the establishment of Navigo Shipholding AG, a maritime asset investment platform for institutional investors.

The long-term objective of Navigo is to build up “a mixed portfolio of vessels”, predominantly under long-term charter agreements.

Navigo has been established to offer institutional investors a “capable, competitive and not least distinctly different investment alternative”.

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The initial investment portfolio is to have two vessels, a service operation vessel for windfarms with a long-term charter to General Electric, currently being built, and a 12,000 cbm gas carrier operated in the Unigas Pool.

Navigo is directed by Ole Daus-Petersen, who has more than a quarter of a century of experience in the shipping industry, and Andreas Spott (investor relations), who is working as manager project finance for Bernhard Schulte GmbH & Co.

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