Source:
https://scmp.com/article/1063056/first-choice-maritime-investors

First choice for maritime investors

Industry Reports by Synergy Media Specialists

Peter Jein, founder and senior partner, Navision Group

Having been actively involved in the shipping industry for 25 years, Peter Jein, founder and senior partner of Navision Group, understands the need to strategise for the future. Jein has come to recognise the importance of China and the country's role in the future of the global shipping industry.

Since its establishment in 2001, the group has developed a fleet of up to 30 vessels transporting 700,000 tonnes of dry-bulk cargo every day. Operating in 30 countries, Navision has established a strong reputation in the handysize and handymax dry-bulk segment of the market with vessels typically between 25,000 and 50,000 tonnes. With the motto: "We care about what's inside", Navision has also developed a trustworthy reputation.

"Credibility is important in our industry and we've worked hard to build our reputation over the years," Jein says. "Our motto speaks volumes about how we view our people, customers, partners and investors."

Navision is in the process of pooling together investors to create a new fund to acquire five to 10 modern ships. "The thoughts and strategies behind the fund is to take advantage of the very depressed market which for sure will show some very attractive deals, as banks and owners will have to slim the balance sheet, and we will be cash buyers," Jein explains. While companies within the industry typically help with the purchase of a vessel first and then find investors later, today's investment climate has created obvious challenges. In order to differentiate Navision, Jein intends to raise initial funds before looking for the right vessels and is inviting Hong Kong and mainland investors to take part in the fund.

Jein says: "It is critical to find the right partners, financiers and counterparts and we are confident of raising the capital needed in order to build up the fleet in 2012. Navision has enjoyed a good relationship with Cosco Shanghai for 10 years and we recognise that today's modern international shipping industry wouldn't be where it is today without China. We are pleased to invite investors from Hong Kong and the mainland as we see 2012 as a year of opportunities within our industry."