Maritime finance group deployed $2.1 billion across more than 20 transactions in 2024 and Q1 2025, with $6.1 billion invested since inception

Blue Ocean, a maritime finance investment platform managed by EnTrust Global, a leading alternative asset management firm, today announced that it deployed over $2.1 billion across more than 20 transactions in 2024 and Q1 2025. This success was driven by Blue Ocean’s largest-ever debt deal with SEACOR Marine Holdings Inc.; largest equity deal and first public company take-private with Belships ASA; and an up to $350 million senior secured financing for Rocktree Group, marking Blue Ocean’s expansion into the South American logistics market.

Notably, in 2024, Blue Ocean completed its 100th transaction since the strategy’s inception, further cementing itself as a market leader for alternative financing to the maritime industry. As of March 31, 2025, Blue Ocean has already deployed approximately $838 million across six transactions this year. In aggregate, the strategy has now invested approximately $6 billion since launching in 2017, while building a reputation for providing timely, comprehensive financing solutions throughout the capital structure.

Gregg S. Hymowitz, Chairman and Chief Executive Officer of EnTrust Global:

“These transactions and record growth reflect a major milestone in Blue Ocean’s reputation as a dependable strategic financing partner for borrowers and other investors. Thanks to our global network and relationships, the strategy has already outperformed expectations for capital deployment in Q1 2025.”

Svein Engh, Blue Ocean Senior Managing Director and Portfolio Manager:

“The professionals throughout our Blue Ocean network bring decades of industry experience, along with connections and specialized expertise that is unmatched. This allows us to directly source most of our transactions and build genuine, lasting relationships with customers across every sector we serve.”

Below is more detail on the notable 2024-2025 transactions mentioned above:

• SEACOR Marine Holdings Inc. is a public company that provides global marine and support transportation services to offshore energy facilities, predominantly oil and gas exploration and production, decommissioning support, and offshore wind. Proceeds from the $391 million secured debt issuance were used to refinance all existing indebtedness. Additionally, some of the capital will be used to partly finance the construction of two multi-purpose platform supply vessels.
• Belships ASA specializes in owning and operating dry bulk carriers and delivering a range of shipping, trading, and management solutions to the global bulk shipping, offshore, and freight handling markets. This deal is supported by a modern fleet of 30 predominantly Japanese-built Ultramax bulkers, with an additional 12 newbuildings on order, a low-cost financing structure, and flexible purchase options on lease-financed vessels.
• Rocktree Group is a leading infrastructure service provider through a global network of offshore and onshore terminals, shuttle and self-discharging vessels, barges, shipyards and other turnkey solutions. The Blue Ocean financing supported Rocktree Group’s acquisition of a complementary logistics company and provides dry powder for additional growth. The transaction is an illustration of the strategy’s ability to provide financing to a broad range of maritime-adjacent sectors.

Source: BUSINESS WIRE