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Japan: Anchor Ship Partners launch USD 5.6 billion fund to build LNG powered fleet

01 Mar 2021

Disclaimer: An online translation service was used in the production of the current editorial piece.

Japanese maritime finance giant Anchor Ship Partners on Friday (26 February) said it is launching a JPY 600 billion (USD 5.6 billion) fund to build an liquified natural gas (LNG) carrier fleet that it will lease to Japan’s top three shipping lines, Nippon Yusen Kaisha, Mitsui OSK Lines and Kawasaki Kisen Kaisha. 

Anchor Ship stated this is the beginning of investment into green shipping and the company plans to look into vessels powered by hydrogen and ammonia in the future.

The company said it will solicit investments for the fund through regional banks and other financial institutions. It aims to provide double digit dividend yields to investors from leasing these vessels over the next 15 years. 

The fund will be reviewed periodically by Sumitomo Mitsui Trust Bank to assess its impact.

Anchor’s first fund was launched in 2007, by a team of ship financiers at what is now Mizuho Bank and has launched a total of four funds including an investment into NYK’s luxury cruise liner Asuka 2.

Photo credit:
Louie Martinez on Unsplash
Published: 1 March, 2021

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