Avelios Fifth Project – Acquisition of Container Feeder Vessels

Avelios & Crestline acquire two Container Feeder Vessels on long term contracts

Avelios is delighted to announce the off-market acquisition of two scrubber fitted, 2,500 TEU container feeder vessels on long-term charters to Maersk.  Avelios’ partner for the acquisition is Crestline Investors Inc., a leading global alternative asset management firm. This is the second joint investment for the two parties, following their acquisition of the East London Hotel in October 2021.

For Avelios and Crestline, the two vessels form part of an asset backed investment strategy, which focuses on downside protection via an attractive entry price and contracted cash flows while allowing for upside convexity through re-chartering optionality.

The German built feeder vessels are fitted with emission-reducing scrubber technology and will be operated by experienced technical manager Hammonia Reederei in Hamburg, Germany.

Guido Lang, Chief Investment Officer of Avelios, said:

“We are delighted to be acquiring these two vessels at such an interesting time for global containerized trade flows post Covid. While we benefit from the security of contracted cash flows, we believe the ESG technology fitted on these ships in the form of scrubbers will provide for attractive rechartering optionality post charter end.”

Andrey Panna, MD & Partner at Crestline Europe LLP:

“We are excited to have acquired these two container ships on long term charters with a blue-chip, investment grade counterparty. We are attracted by the long-term contracted cash flows, ESG strengths of the vessels, and future ability to re-charter the two vessels at attractive charter rates thanks to their ESG credentials, the continuing consolidation of the liner industry and expected robust long-term growth in intra-regional container trade flows.”

Professional Investors Only

The information on this website is intended for use exclusively by professional clients or eligible counterparties for the purposes of the rules of the Financial Conduct Authority, who are knowledgeable and experienced in the financial services market and in investment information of this nature. The information is NOT FOR OR DIRECTED AT RETAIL CLIENTS and if you are a retail client, please leave this website immediately and consult your financial adviser.

This website is for information purposes only.  It should not be regarded as an invitation, solicitation, offer or inducement to engage in investment activity and it should not be interpreted as financial or other professional advice in any way.