Venture supported by $222m equity and debt financing
Mare Maritime, a key entity in shipping, trading and logistics, is set to execute US$506 million investment on 22 tankers as it establishes new headquarters in Mumbai to capitalize on growing Indian market http://shipmin.gov.in .
This venture is supported by US$222 million in equity, with additional debt financing through a partnership with a prominent private equity firm, Mare Maritime https://mare-maritime.com.sg/ said on 27 May 2024.
Founded by Captain Rohit Kapur, Mare Maritime has built a strong presence in Singapore http://temasek.com.sg , Vietnam https://vietcham.org.sg/ and Kenya https://www.kenyachamber.or.ke/ , meeting the needs of various industries.
Managing Director Avinaash V. Rai is tasked with driving the company’s growth and managing the technical aspects of shipping operations from Mumbai http://shipindia.com .
Captain Kapur’s maritime and financial expertise have been instrumental in Mare Maritime’s success. His journey from Bhagalpur to Singapore, driven by a passion for shipping and logistics, has shaped his leadership style and positioned him as an industry leader https://www.nordic-shipping.no/ .
The commercial management of the vessels will be conducted in collaboration with a top chartering firm based in Copenhagen , ensuring a smooth integration of Mare Maritime’s global operations with its Indian base, said Mare Marine http://eurochambres.eu .
Through its Indian expansion, Mare Maritime aims to play a crucial role in transporting clean petroleum products and edible oils, aligning with India’s economic growth and leveraging its potential as one of the fastest-growing economies globally. Fiinews.com
