Mitsui bunkers investment in Navigare’s $1.5 billion maritime fund for sustainable shipping expansion

In Japan, Mitsui & Co., Ltd. announced an undisclosed investment in the $1.5 billion Maritime Investment Fund III (MIF III) organized by Navigare Capital Partners A/S. This maneuver marks Mitsui’s continued expansion into maritime investment, leveraging the expertise of its wholly owned subsidiary, Mitsui & Co. Alternative Investments Limited.

Mitsui is poised to revolutionize maritime asset management by integrating its extensive shipping industry networks with Japan’s robust financial markets to maximize the profitability of MIF III. In partnership with Navigare, Mitsui aims to address the diverse needs of the global maritime sector, ensuring a stable and sustainable supply chain.

Navigare, founded in 2017 by Robert Maersk Uggla, Chairman of A.P. Moller Maersk A/S, along with four seasoned shipping executives, has swiftly ascended in the maritime investment arena. With two maritime funds already under its belt and a portfolio worth $2 billion, Navigare has distinguished itself through a shrewd investment strategy spanning a gamut of maritime assets. MIF III, with a war chest of $1.5 billion, aims to spearhead investments in eco-friendly vessels, ranging from gas carriers to bulk carriers.

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