European Maritime Finance (EMF) plans to raise $500m in a new fund as it seeks to expand globally. EMF holds $2.14bn fleet and is set on ‘dramatic increase’
Copenhagen, Denmark, June 19th, 2024 – European Maritime Finance (EMF) announces the upcoming launch of its latest fund, Green Harmony III seeking to raise $500m.
Tradewinds, the leading maritime publication, highlights European Maritime Finance strong track record delivering an average return of 73% with an average duration of 17 months in interview with Martin Haugaard, founder. EMF continues expanding, with the opening of offices in respectively Stockholm, Switzerland and an upcoming office in Abu Dhabi. After receiving our license to be an alternative investment fund manager from the Danish Financial Supervisory Authority, EMF plans bigger funds.
EMF has a fleet of $2.14bn with five aframaxes, eight suezmaxes, four car carriers and three very large ammonia carriers.
“We like the gas carriers and the concept. We see now there is a lot of production of ammonia,” Martin Haugaard, EMF Founder.
Martin Haugaard: “Our performance attracts capital. And the capital enables us to reach the targets we want. Since we are fund managers, we have different dynamics and operational structures. We are not dependent on commercial and technical management fees”.
During the Greek shipping conference in Posidonia, EMF announced it had ordered two additional suezmaxes together with long-term partner Atlas Maritime.
“Atlas Maritime has been an amazing partner for us. We always have a vested interest and they have equity participation in various projects. Together with Leon Patitsas, we have been disciplined and prudent”.
“We are ready to go global”, Martin Haugaard.