US Commerce Secretary Wilbur Ross backed Nautical Bulk Holdings sold 2012 built supramax dry bulk carrier 56K DWT MV Nautical Aventurin for around $14 million. MV Nautical Aventurin was built at Chinese shipyard Jiangsu Hantong.
In March 2017, Nautical Bulk Holding bought MV Nautical Aventurin from German shipowner and operator Conti Group for around $12 million. Conti Group is also one of the shareholders of Nautical Bulk Holdings. Nautical Bulk Holdings was launched by WL Ross & Co, Fearnley Advisors, Solus Alternative Asset Management, and the Conti Group.
In 2013, Nautical Bulk Holdings was established and raised in excess of $100 million of equity capital for asset plays. Nautical Bulk Holdings has been concentrating on ultramax bulk carriers and has a fleet of 14 dry bulk carriers. Nautical Bulk Holdings’ newbuilding dry bulk carriers fixed on long term contracts to Oldendorff Carriers on index-related terms.
US Commerce Secretary Wilbur Ross also invested in Diamond S Shipping and Navigator Gas.