PERSEVERANCE MARINE HOLDINGS LIMITED
Updated 4 days ago
- Age: 26 years
- ID: 15609700/136
PO Box 3340, Main Street Road Town, Tortola British Virgin Islands
Perseverance Marine was founded in 1998 with the purchase of the small, elderly product tanker Nejmat El Petrol XXV. Since then we have successfully invested in various ship types, including tankers, refrigerated cargo ships ("reefers"), bulk carriers and off-shore service vessels. We have owned ships outright and in partnerships or syndicates. A snapshot of our activities over the past seven years is indicative... PERSEVERANCE MARINE is a privately held investment group which pursues a strategy of market timing in the shipping industry. We buy, co-invest in, or build well-priced ships in market segments where either we or our partners have expertise, or where returns are backstopped by quality, long-term charters. We run these ships safely and profitably and then, at the right time in the market cycle, sell them for capital gain... We make our money by value investing: by not doing what every other operator does. To that end, we research mismatches where, say, smaller vessel prices..
Also known as: Perseverance Marine