Last week, Stamatis Molaris staged his return to the public markets by joining forces with Hans Mende, the President of American Metals & Coal International, and Mass Capital Investments, a private equity firm affiliated with Fortis Bank Nederland, with the filing for an IPO of their new venture, Alma Maritime Limited. Avoiding the historic trend of a pure play in order to provide diversification, Alma will be a mixed fleet with mixed employment including spot, short-term, medium term and long-term charters. The strategy is to take advantage of attractive opportunities presented by current low vessel prices in both the wet and dry sectors with the goal of maximizing shareholder returns through the shipping cycle.
This is only an excerpt of Mr. Molaris Returns with Alma – A Mixed Fleet and Fixed Dividend Option
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Tags: · Alma Maritime Limited, American Metals & Coal International, BNP Paribas, BNPP Fortis Bank, BofA Merrill Lynch, Clarkson Johnson Rice, Empire Navigation, Fortis Bank Nederland, Hans Mende, Mass Capital Investments, Stamatis Molaris, Sunrise Securities Corp., UBS, UniCredit Capital Markets
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