Downing LLP invests £7 million into second UK shipping venture

FCA-authorised and regulated investment manager Downing LLP was founded in 1986 and has over £1 billion funds under management. It draws on its decades of experience when investing in a wide range of UK business, from energy, care homes, health clubs, pubs, and children's nurseries to technology, e-commerce and a satellite earth station.

This latest £7 million funding deal marks Downing’s second investment in the shipping industry, following its £5 million investment in UK-based Garthcliff Shipping Ltd in order to acquire a container vessel, earlier this year.

Anker Shipping was founded by highly experienced shipping expert, Andrew Bell, who also advised the UK government on the Home Building Ship Finance Scheme, and the Department of Trade & Industry on the Queen Mary II project (a transatlantic ocean liner). Both HS Schiffahrt and Nordic Hamburg, which have invested alongside Downing, are also experienced German shipping technical and commercial managers.

The £7 million investment has been used to acquire the Saturn, a feeder container vessel. Built in 2008, the Saturn is capable of transporting 1,350 containers at a time. The vessel has very recently completed its Special Survey and is now on charter in the Caribbean.

HS Schiffahrt will be responsible for technical management of the vessel while Nordic Hamburg is advising on commercial operations, including the recently secured charter.

Commenting on the £7 million funding, David Butler, Investment Manager at Downing LLP, said:

“This latest deal with Anker Shipping Ltd. reflects our growing expertise in the shipping sector. We are particularly pleased to be partnering with such high-quality companies and industry experts as part of this investment and look forward to working with all involved. Our support for the acquisition of the Saturn demonstrates that we have the confidence to take on projects, with experienced partners, where the vessel requires substantial maintenance work before it can be chartered.”


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