— NRP Project Finance
Transactions
About the Transaction team
We are a leading arranger of direct investments within the shipping and offshore space having concluded more than 200 transactions since year 2000. Through our extensive network of long-lasting relationships with shipowners, shipbrokers and investors world wide, we continuously seek to provide our clients with attractive investment opportunities. NRP Project Finance is licensed by the Financial Supervisory Authority in Norway.
Leading arranger of direct investments and asset-backed financing
NRP Project Finance strive to provide our investors with the most attractive investment opportunities across all Shipping & Offshore segments. Through our longlasting relationships with shipowners and shipbrokers world wide we structure and arrange direct investments and assist shipowners with finding the optimal financing solutions tailormade for their needs and purpose.
The backbone of our strategy is to maintain our investors' trustworthiness through providing the highest obtainable risk-adjusted returns. To obtain the latter, we always cultivate a project & deal-focus rather than tonnage focus.
The backbone of our strategy is to maintain our investors' trustworthiness through providing the highest obtainable risk-adjusted returns. To obtain the latter, we always cultivate a project & deal-focus rather than tonnage focus.
0141
vessels acquired
since 2000
0110
vessels sold
sold since 2000
017
Annual return
since 2000
058
Annual return
last 3 years
Historical transactions
2023
Sale of MV Kuo Lung
NRP Project Finance would like to congratulate the project sponsors and investors in Kuo DIS with the sale of MV Kuo Lung. The vessel was acquired in 2012 together with four sister vessel. The sale of Kuo Lung concludes the project, having generated an IRR of 14% p.a. to the investors. NRP Project Finance acted as Sole Arranger of Kuo DIS.
2022
Acquisition of LR1 Product Tanker United Overseas Products II AS
NRP Project Finance would like to congratulate the investors in United Overseas Products II AS with the successful delivery of MV UOG Hermes. The vessel has also subsequently been delivered onto a 2-year time charter with a supermajor. We would like to thank the investors and project sponsors for their trust in NRP Project Finance and thank United Overseas Management (Hellas) Ltd. and Bergshav Management AS for the good collaboration.
2022
Sale of UACC Falcon
NRP Project Finance would like to congratulate the project sponsors and investors in UACC Ross Tanker II DIS with the succesfull sale of MV UACC Falcon. With the concluded sale, the project has generated an IRR of abt. 15% p.a. net to the investors.
2022
Sale of MV Arabian Sea
NRP Project Finance would like to congratulate the project sponsors and investors in Gram Car AS with the sale of MV Arabian Sea to SFL Corporation Ltd.
The vessel was acquired in 2017 together with its sister vessel M/V Mediterranean Sea. Based on the achieved sales price and a conservative pricing for the remaining ship, the investment has generated an IRR of 37% p.a. and a MOIC of 4.9 to the investors.
NRP Project Finance acted as Sole Arranger of Gram Car AS.
The vessel was acquired in 2017 together with its sister vessel M/V Mediterranean Sea. Based on the achieved sales price and a conservative pricing for the remaining ship, the investment has generated an IRR of 37% p.a. and a MOIC of 4.9 to the investors.
NRP Project Finance acted as Sole Arranger of Gram Car AS.
2022
Sale of Sofie Teresa
NRP Project Finance are happy to announce a succesfull sale of MV Sofie Teresa (one of two vessels owned through Ross Chemicals IS).
2022
Sale of UHL Passion
NRP Project Finance would like to congratulate the project sponsors and investors in Nordic Heavylift Vessels AS with the succesfull sale of
2022
Acquisition of Eco Handysize bulk carrier - Briese Eco Handy III AS
We are pleased to announce the delivery of MV BBC Mars from the shipyard. This is the third eco newbuilding handysize bulker together with Briese Schiffahrt (Germany), which has been delivered from the shipyard during last 2-3 months. After delivery the vessel will immediately commence its 18 months Index-linked TC to BBC Chartering.
As her two sister vessels, the BBC Mars will be among the most ecofriendly vessels within its segment, with up to 45% fuel savings compared to similar vessels and fully comply with EEDI phase II.
As her two sister vessels, the BBC Mars will be among the most ecofriendly vessels within its segment, with up to 45% fuel savings compared to similar vessels and fully comply with EEDI phase II.
2022
Acquisition of Eco Handysize bulk carrier - Briese Eco Handy II AS
We are pleased to announce the delivery of MV BBC Saturn from the yard. The vessel was purchased together with Briese Schiffahrts and will enter into a 17-19 months TC to BBC Chartering. This TC will provide a “capex” element of approx. USD 10 million during the TC period.
The vessel is among the most ecofriendly vessels within its segment, with upto 45% fuel savings compared to similar vessels.
The vessel is among the most ecofriendly vessels within its segment, with upto 45% fuel savings compared to similar vessels.
2022
Acquisition of Eco Handysize bulk carrier - Briese Eco Handy AS
We are pleased to announce the purchase and delivery of a resale Eco Handysize drybulk carrier of 40,000dwt (MV BBC Uranus). The vessel has been built by JNS in China and was delivered to owners 6th May 2022. The vessel will comply with EEDI phase II and be one of the “greenest” and modern vessels in its segment with fuel savings of up to 45% compared to similar secondhand tonnage. The acquisition is made together with the German shipowner and ship operator Briese Schiffahrt Group and is the 5th vessel we do together.
2022
Sale of Eastern Reefer
NRP Project Finance would like to congratulate the project sponsors and investors in Eastern Reefer II DIS with the successfull sale of Eastern Reefer.
2022
Sale of Atlantic Flosta
NRP Project Finance would like to congratulate the project sponsors and investors in Atlantic Flosta AS with the successfull sale of Atlantic Flosta.
2022
Sale of Atlantic Solli
NRP Project Finance would like to congratulate the project sponsors and investors in Atlantic 2000 AS with the successfull sale of Atlantic Solli.
Track record
Our integrated principles of accurate partner- & asset-selection, combined with sensible financial structure while securing alignment of incentives between all parties, have been well demonstrated through our portfolios' aggregated return since inception. These guiding principles are an integral part of our strategy for providing attractive direct investment opportunities towards our investors within the shipping and offshore space.
We always seek to minimize downside risk through co-investments with- and financing of well-reputable shipowners with strong commercial track record, and acquiring assets at sound levels.
Current portfolio
Current segment distribution of NRP Project Finance' Shipping & Offshore portfolio
Our current portfolio of direct investments include a variety of segments within the shipping and offshore space. In addition to all conventional segments, we have arranged projects within the MPP/Heavy-lift segment, as well as OSV and AHTS space. Following our strategy of being project- & deal-focused rather than tonnage focused, we always strive to provide investors with the most attractive direct investments opportunities across all segments.
Contact us
If you have any questions, or want to learn more about NRP Project Finance, please feel free to contact us.