Home Cyprus Bernhard Schulte Group and DEVK create Navigo Shipholding

Bernhard Schulte Group and DEVK create Navigo Shipholding

The Schulte Group, one of Germany’s largest shipowners and ship managers, and DEVK, one of Germany’s well-known insurance groups, are pleased to announce the establishment of Navigo Shipholding AG (Navigo), 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, providing good visibility of future earnings and thereby ensuring a calculable long-term steady yield. Navigo has been established to offer institutional investors a capable, competitive and not least distinctly different investment alternative.

The initial investment portfolio comprises two vessels, a service operation vessel (SOV) for windfarms with a long-term charter to GE (General Electric), currently under construction, and a 12,000 cbm gas carrier (semi-ref LGC) operated in the Unigas Pool.

Navigo is directed by Ole Daus-Petersen, who has more than 25 years of experience in the shipping industry, and Andreas Spott (Investor Relations), who is working as Manager Project Finance for Bernhard Schulte GmbH & Co. KG and is seconded to Navigo.