W Marine

12-December-2019

Athens based shipowner and operator W Marine Inc. and Oslo based Norwegian Christian Ness-led finance house NRP (Ness, Risan & Partners) have acquired 2007 built panamax bulk carrier 76K DWT MV Genco Raptor from New York-listed Genco Shipping & Trading. The price tag of MV Genco Raptor has not been revealed but second-hand market price is around $10 million. Norwegian asset manager NRP (Ness, Risan & Partners) has been expanding its ship portfolio. W Marine Inc. will be the commercial and technical manager of MV Genco Raptor. In 2018, Norwegian investor NRP (Ness, Risan & Partners) bought 2011 built baby capesize bulk carrier MV Talia with W Marine Inc.

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

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

24-September-2019

In August 2019, Athens based shipowner and operator W Marine Inc. acquired 2006 built panamax bulk carrier 76K DWT MV W-Galaxy (ex MV Nord Galaxy). Greek owners prefer shallow draught panamax bulk carriers in Indian Ocean trades.

18-December-2018

Oslo based Norwegian Christian Ness-led finance house NRP (Ness, Risan & Partners) has confirmed its involvement in a dry cargo project with W Marine. Greek ship manager W Marine had invested in 2011 built post-panamax dry bulk carrier 93K DWT MV Talia alongside with NRP (Ness, Risan & Partners) using the Norwegian KS system. Greek shipowner and operator W Marine Inc will be the technical and commercial manager of the ship. Norwegian finance house NRP (Ness, Risan & Partners) has been investing in dry cargo ships in 2018. In April 2018, NRP (Ness, Risan & Partners) concluded a deal to buy 2 handysize dry bulk carriers from Nordic Hamburg.