The shipping industry notoriously under and over-shoots the global economy. As we pull out of the global recession, handy-sized container ships can be purchased today at little more than their scrap value, and way below replacement cost. In the past 18 months Tribini Capital has acquired three ships which are ideal for the inter-Asia routes. With many traditional investors now side-lined and the shipping industry cash-strapped, there are few competing bidders for these vessels which we have been able to put out to profitable, long-term charter with reputable firms.

Milltrust is now launching an investment vehicle, managed by Tribini Capital, to give investors an unique opportunity to invest into this real asset class at the bottom of the cycle. With returns of over 20% based on our base-case scenario and in the order of 40% based on a moderate recovery scenario, we believe that this is a historical opportunity to acquire vessels when new build order books remain at an all-time low.

The team at Tribini Capital is lead by Thomas Soderberg, a Danish national who has spent his entire career in the shipping industry, focusing primarily on the container sector. He started at AP Moller-Maersk in 1985, and was formerly in senior management positions working at HSBC Shipping Services and with John Fredriksen. He has completed the Sloan Masters program from London Business School.

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