Minato has formed a fund for operating leasing of vessels

18.10.29

Please be informed that Minato Management Co., Ltd. (headquartered in 1-1-12 Toranomon, Minato-ku, Tokyo, Japan; President (CEO), Tatsuto Kuramoto) has formed an investment fund for vessels.

We have been offering the service of managing funds that invest in vessels since the autumn of 2016. Leveraging the experience and network acquired from this service, we conceived and developed this fund for which we had chosen the lessee and undertaken our share of the contribution to the fund (approximately one billion yen, when converted into yen).

The fund shall invest in liquefied petroleum gas (LPG) carriers that are operated by a European company. Using a sale-and-leaseback scheme, we formed the fund through receiving finance from a European financial institution. Vessels are important infrastructure that support global logistics. We decided to make this investment in the belief that investment in LPG carriers that transport gas that is necessary to people’s lives also has social value.

Minato Management will continue to conceive and develop funds and invest in various projects with the aim of contributing to society in sustainable ways.