HOME COMPANY SHIPPING ENGINEERING OTHER INVESTMENTS NEWS CONTACT Company Founded in 1988 Marinvest is a highly respected and reputable ship manager entrusted by several owners to manage their vessels. Well established market position During its years of operation in the international markets, the Group has developed relations with major charterers and operators worldwide. Top priority is placed on the reliability, quality and safety of well maintained vessels. History Marinvest was established in 1988 with the objective to establish a long-term presence in the shipping market. The company was started by Lars Mossberg after leaving his position as executive vice president with Zenit Shipping AB, where he had served since 1978. From 1988 and during a 10 year period Marinvest invested and put together shipping projects in various sectors from dry-cargo chemical to product tankers. In 1997 Marinvest managed to attracted investors to create LR Shipholding Ltd in Bermuda who, with a focus on LR1 purchased the LR1 M/T Panda. In 2000 and 2001 additional LR1 ships were acquired by LR Shipholding and entered into the LR1 pool, operated by Torm. In 2004 Marinvest invested and became a partner of Sirius Shipping. In 2004 the LR Shipholding Group authorized Marinvest to sign four contracts for LR1, Ice 1A newbuildings for delivery from second half 2006 to first half 2008. In connection herewith LR Shipholding Ltd formed Skagerack Invest Limited and its 75% owned subsidiary LR ICE Shipholding. During spring 2006 an agreement was reached to acquire another two LR1, Ice 1A newbuilding contracts in connection with delivery from the shipyard. In 2010 Marinvest founded Hafnia Management and attracted four partners and a team of skilled personnel to establish the Hafnia LR and MR chartering pools. In 2011 Marinvest contributed to setting up the Straits Tanker pool, a joint venture between MOL and Hafnia. Since then, all Marinvest managed spot vessels trade in the Hafnia/Straits LR1 pool. In 2011 Marinvest co-founded Hafnia Freight AS. Experts in freight trading Hafnia Freight AS assist Marinvest to manage risk and hedge freight exposure. In 2013 Marinvest negotiated on behalf of Skagerack and Waterfront the newbuilding and charter contracts for two 50,000 dwt oil/chemical carriers with dual-fuel methanol engines, all agreements and financing in place by February 2014. M/T Mari Jone and M/T Mari Boyle were delivered in 2016. In 2014, Skagerack exercised an option to buy 25% in LR ICE Shipholding, making it a 100% held subsidiary. In 2015, Maribel and Mariann were fixed on 2 year Time Charter to Lukoil for ice trading in the Baltics. In 2016 M/T Mari Jone and M/T Mari Boyle were delivered to the joint ventures between Skagerack and Waterfront. The two MR methanol dual-fuel vessels are among the world’s first ocean-going vessels capable of running on methanol. With the growing demand for cleaner marine fuel to meet environmental regulations, methanol is a promising alternative fuel for ships that can meet the industry’s increasingly stringent emissions regulations. Methanol is a biodegradable, clean-burning marine fuel that significantly reduces smog-causing emissions such as particulates, sulphur oxides and nitrogen oxides. In 2019 Marinvest managed the construction of the 2nd generation methanol dual fuel vessels M/T Mari Couva and M/T Mari Kokako. The vessels were delivered to their joint ventures between Skagerack and Waterfront. This 2nd generation is further proof of methanol as a compliant, safe, available and future proof marine fuel. The vessels are both equipped with a water mixing unit rendering the vessels Tier III compliant without EGR or SCR thereby reducing both investments and running costs substantially. ____________________ Chronology of activities by Marinvest as managers for LR Shipholding Ltd, Skagerack Invest Ltd and Waterfront Shipping Ltd 1988 Investments in Panmax bulk carriers 1989 Purchase of LR1 Northern Bell contract 1990 Delivery of LR1 Northern Bell 1992 Purchase of Maribel 1994 Purchase of Marilee 1996 Sale of Marilee 1997 Concentration on LR1 Panmax tankers Purchase of Panda 2000 Purchase of Kirsten, 50% 2001 Purchase of Mariella, Maritina 2003 LR Shipholding enters into two LR1 timecharter contracts with a 50% share in each, with purchase options. 2004 Four newbuilding contracts LR1, Ice 1A Sale of Maribel Purchase of 50% in Sirius Rederi AB 2005 Purchase of Kirsten, 50% Sale of Panda 2006 Delivery of Marilee 2007 Delivery of Maribel Two newbuilding contracts LR1, Ice 1A Purchase of Marinex, 50% Sale of Maritina 2008 Sale of Mariella Delivery of Mari Ugland Delivery of Mariann Delivery of Marika Delivery of Marinor 2009 Purchase of Mariline, 50% Seatrade Awards Winner for Alternative Propulsion System (APS) in the class Innovation in Ship Operations 2010 Hafnia Management was founded Declaring purchase option for Eternal Pride 2011 Purchase of Marit against a time charter to Waterfront Purchase option of Maritina (Eternal Pride) exercised Straits Tankers, a joint venture between Hafnia and Mitsui O.S.K. Lines (MOL), was launched as the operator of the expended LR1 pool. Northern Sea Route, Marinvest participates in the opening of a very interesting and promising new ICE Class route. 2012 Northern Bell sold for scrap Kirsten sold for further trading Sold Marit, 50% to Waterfront 2014 Skagerack purchased 25% of LR ICE Shipholding Contracting of two MR methanol dual-fuel tankers at HMD 2015 Maribel and Mariann on 2 year TC to Lukoil for ice trading in the Baltics. 2016 Delivery of the methanol dual-fuel M/T Mari Jone and M/T Mari Boyle to the Skagerack And Waterfront JVs. 2018 Contracting of two MR methanol dual-fuel tankers at HMD second generation. 2019 Sold Marinex for further trading Delivery of Mari Couva Delivery of Mari Kokako 2020 Contracting of one MR methanol dual-fuel tanker at HMD third generation. Sold Mariline for further trading. Sold Marit for further trading. Marinvest Viktor Rydbergsgatan 10 SE-41132 Göteborg, Sweden Coordinates Lat: 57˚ 41´N Long: 11˚ 58´E Contact us Phone: + 46 31 817 250 E-mail: office@marinvest.se