Greek shipowner W Marine

Athens based shipowner and operator W Marine and Norwegian investor NRP have acquired 2007 built panamax bulk carrier 76K DWT MV Genco Raptor from New York listed Genco Shipping & Trading. Price tag of MV Genco Raptor has not been revealed but second-hand market price is around $10.15 million. Norwegian asset manager NRP has been expanding its ship portfolio. W Marine will be the commercial and technical manager of MV Genco Raptor. In 2018, Norwegian investor NRP bought 2011 built baby capesize bulk carrier MV Talia with W Marine.

In December 2019, Norwegian investor NRP teamed up with another Greek shipowner and operator Empros Lines in order to acquire 2011 built ultramax bulk carrier 61K DWT.  Empros will be the commercial manager and V.Ships will be the technical manager.

Norwegian investor NRP is seeking to double its invested capital within 5 to 7 years while paying annual dividends of 5% to 8%. Norwegian investor NRP has a portfolio of investments in bulk carriers, feeder container-ships and product tankers. Norwegian investor NRP’s shipping funds had an interest in 24 ships worth a combined $300 million at the end of H1 2018.