INVEST RAISE ABOUT INSTITUTIONAL arrow_back BACK Downing LLP invests £7 million into second UK shipping venture 25 October 2018 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.” - ends - For all press enquiries, please contact: Pamela Morris, PR Director at the lang cat 0131 202 6037 / 07712 515 503 pamela@langcatfinancial.com Jean Birrell, Downing LLP 07799555353 jean.birrell@downing.co.uk Downing Home Our story The team News & views Responsible investing Careers Contact us Invest Bonds EIS Estate planning Downing Fund Managers VCT Existing investor Investor centre Institutional Institutional investors Infrastructure asset management Raise Development Capital Energy Healthcare Leisure Property Wholesale Finance Ventures Ventures home About ventures Portfolio Ventures team Ventures careers Legal & support Privacy & cookie policy Information Security Policy Statement Terms and conditions Terms of business Inducement disclosure FAQs Pillar III Modern slavery statement Fraud prevention Complaints Social Twitter LinkedIn Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: St Magnus House, 3 Lower Thames Street, London EC3R 6HD. VAT Number: 112 940 149 We use cookies to ensure that we give you the best experience on our website. Click here for more information. DISMISS Feedback