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Norwegian asset manager procures USD 110m for shipping investment fund

European shipping has difficulties borrowing money. With a new maritime investment fund, Norwegian asset manager NRP Maritime Asset Management aims to offer capital to small and middle-sized shipping companies.

The Port of Hamburg, one of Europe's largest. | Photo: PR / Dietmar Hapenpusch / Port of Hamburg Marketing Association

Norwegian asset manager NRP Maritime Asset Management has obtained USD 110m for investment in shipping via a new investment fund, the Premium Maritime Credit Fund, based in Luxembourg.

The plan is for the fund, which has attracted both private and public investors, to focus on investments in small and middle-sized shipping companies in Europe, according to a press release.

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