Private equity fund to finance ECO ships

Private equity fund Oaktree Capital Management and German Rickmers Group have joined forces to invest in eight new ECO container ships.

Money from Oaktree Capital Management, and even more money as well as expertise in shipbuilding and ship management from Rickmers Group, have made the two investors join forces for an order of eight new ECO container ships. The decision to invest in ECO ships was made because shipowners are increasingly demanding energy efficient options, says a press release by the two companies.

“Against the background of the continued crisis in ship financing, Oaktree and Rickmers are presenting a new way of cooperation between private equity and the shipping sector for investments in state-of-the-art vessels,” said Ignace Van Meenen, Deputy CEO and CFO of Rickmers Holding.

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