Capito Maritime

Investments in the maritime sector

The shipping industry is one of the cornerstones of the global economy, responsible for the transport of approximately 90% of world trade. As a capital-intensive industry with high barriers to entry and cyclical market conditions, shipping offers unique investment opportunities that can provide attractive returns and diversification to an investment portfolio. At Capito Capital Management, we have chosen shipping as one of our main focus areas for several different reasons:

High volatility – great potential: Shipping rates, such as the Baltic Dry Index and tanker spot rates, can fluctuate dramatically, creating opportunities for significant gains in upward markets.
Diversification: Shipping investments often have low correlation with traditional assets such as stocks and bonds, making the sector attractive as a hedge against market volatility.
Stable income streams: In periods with fixed charter agreements, ships can generate stable, long-term income streams, making the investments more predictable.
Attractive tax aspects: Ships represent a large depreciation potential, and if structured correctly, an investment in the maritime sector can provide some very attractive tax benefits for investors, as well as take advantage of the special tax rules under the tonnage tax scheme.

The investments described here are made by Ramlösa Shipping AB and not by Capito Capital Management A/S. The purpose of the information is solely to illustrate the types of investments and collaborations that Ramlösa Shipping AB has participated in historically, as it is this type of investment that Capito Capital Management A/S will make in close collaboration with Ramlösa Shipping AB and our advisory board.

PESCARA

PESCARA is a modern Panamax container ship (3,534 TEU) equipped with a scrubber and leased on a 24–26 month fixed time charter to Mærsk. The investment is structured through ParCon IX AS, where Ramlösa Shipping participates together with the experienced German operator Leonhardt & Blumberg. With an attractive base case IRR of 17–31% and a residual value significantly above scrap value, a stable cash flow is combined with strong downside protection and low operational risk.

LEONARDO B

LEONARDO B is a 125-meter LPG tanker on long-term bareboat charter until April 2028, providing a predictable and low-risk cash flow profile. Ramlösa Shipping has an indirect ownership of 41.2% via Montemare Shipping Company Ltd. The investment has a low daily break-even of USD 4,980 and is expected to deliver an annual IRR of approximately 20%. Upon contract expiration, there is an option for resale at USD 5.5 million, or the possibility of extension if market conditions are favorable.

CHEMTRANS MOBILE

CHEMTRANS MOBILE is an 184-meter chemical and product tanker from 2016, deployed in Hafnia Chemicals’ Handy/MR pool, which has delivered strong results in 2024. Through a 7.5% ownership, Ramlösa Shipping receives part of the daily revenues of over USD 32,000 as well as a scrubber bonus of USD 1,500. The investment is expected to generate around 20% IRR annually. The spot-based structure provides flexibility and the opportunity for an attractive exit at rising market prices.

Disclaimer

The returns and results shown are based on previous investments and do not constitute a guarantee of future returns. Investments offeredby Capito Capital Management A/S may differ significantly from the examples mentioned with regard to structure, risk and financial performance. Potential investors are encouraged to make their own assessment and seek independent advice before making an investment decision.