Marvest GmbH – Invest in institutional grade maritime investment projects

MV Manisa Floyen

Eos Bulk Invest AS

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Already funded: 904.000 €

Remaining: 6 Weeks

0 %
Senior Loan Type of Financing
2,000,000 € Maximum Volume
1,600,000 € Funding limit
ca. 60 months Duration
6.50 % p.a. Interest
Multi purpose vessel Asset
500 € Minimum Investment
Quarterly payments Payment schedule
You have a Question?+49 40 8888 1 2020

Already funded: 904.000 €

Remaining: 6 Weeks

0 %
Senior Loan Type of Financing
2,000,000 € Maximum Volume
1,600,000 € Funding limit
ca. 60 months Duration
6.50 % p.a. Interest
Multi purpose vessel Asset
500 € Minimum Investment
Quarterly payments Payment schedule
You have a Question?+49 40 8888 1 2020 Get in contact

©Dietmar Hasenpusch

Transparent, free of charge, starting at EUR 500

With the multi-purpose vessel MV “Manisa Floyen” of Eos Bulk Invest AS, based in Bergen (Norway), we offer you the opportunity to invest in an attractive market segment in the shipping industry.

The MV “Manisa Floyen” is a multi-purpose vessel built in 2006 and as such designed for the transport of general cargo and bulk goods.  It has the capabilities of a bulk and heavy-lift cargo ship and can therefore be used very flexibly in the short sea trade. The ship is registered in the Portuguese Ship registry and has a deadweight of approx. 8,100 tons.

The funding vehicle and borrower, Manisa Floyen Beteiligungs GmbH, grants the multi-purpose vessel MV “Manisa Floyen” a senior loan, which is secured by a first preferred mortgage registered in the Portuguese ship registry.

Invest in shipping now - efficient, low-emission and sustainable.

3 g/tkm Container vessel
18 g/tkm Cargo train
112 g/tkm Truck
435 g/tkm Air freight
100 g/tkm
200 g/tkm
300 g/tkm
400 g/tkm
500 g/tkm
 

g/tkm: Grams per tonne-kilometer
Source: „Vergleich der durchschnittlichen Emissionen einzelner Verkehrsmittel im Güterverkehr“, Umweltbundesamt, 2018
Source: IMO GHG Study, 2009

Highlights

  • Senior loan financing of the project,
  • First preferred mortgage security for the loan,
  • Projected average income of EUR 4,250 per day,
  • The loan’s duration is approximately 60 months ± 12-month repayment window,
  • Quarterly interest and redemption payments instalments during the loan period,
  • Fixed interest at 6.50 % p.a.
  • The shipowner is specialized in the short sea segment and has many years of experience with ships of similar types,
  • Compliance with international safety and environmental protection standards,
  • Existing commercial management contract with renowned operator.

Investment process

Your investment and that of all co-investors will be accumulated on a digital escrow account and will be transferred to the borrower after successful funding and fulfillment of all due diligence criteria.

The ship generates revenues from the operations in free trade, which are used for the interest and repayment instalments of the loan.

These quarterly made payments flow back to you via the escrow account.

Investment strategy

The investors will be granting a loan of max. EUR 2,000,000 to the MV “Manisa Floyen”. The capital will be solely used to refinance the existing bank loan in the amount of EUR 1,400,000. In addition, EUR 200,000 will flow into the ship’s capital reserve.

The capital raised exceeding the funding threshold of EUR 1,600,000 will be used by the shipowner to acquire new projects. The ship value currently amounts to approx. EUR 3,800,000 with a steel value of approx. EUR 700,000.

However, both the ship value and the steel value are subject to fluctuations and can therefore change positively or negatively during the loan period.

Investment concept

The  borrower Manisa Floyen Beteiligungs GmbH was established exclusively as a funding vehicle for the senior financing of the multi-purpose vessel MV “Manisa Floyen”. Your investment and that of all co-investors flows via this vehicle into the MV “Manisa Floyen” project.

The transmitted loan ensures that the capital of all investors is made 100% available for the project. Furthermore, in the interest of the investors, it was ensured that any further borrowing for this special purpose vehicle Manisa Floyen Beteiligungs GmbH is contractually prohibited. This ensures that there are no further financial liabilities apart from the interest and loan repayments instalments of the investors.

The transmitted loan enables Manisa Floyen Beteiligungs GmbH to grant a senior secured loan to the vessel MV “Manisa Floyen”. This loan is secured by a first preferred mortgage registered in the Portuguese ship registry.

Thus Manisa Floyen Beteiligungs GmbH, as senior lender, has a registered security in the project.

The loan provided by the investors has a fixed interest of 6.50 % p.a. In addition, there is a quarterly repayment instalment of 1.50 % (6.00 % p.a.). The interest and redemption payments will be covered by the revenues of MV “Manisa Floyen”.

The vessel MV “Manisa Floyen” is about 13 years old at the time of financing and has a life cycle expectancy that is significantly higher than the project duration (see market report).

The loan will be repaid from the vessel’s income. If the ship is sold prematurely during the project period, the capital including a compensation of 25.00 % on the outstanding expected interest liabilities will be repaid up to the minimum loan period of 48 months.

Terms and conditions

On this sheet we provide you with an overview of all important figures and dates for this project.

Duration ca. 60 months
Interest Rate 6.50 % p.a.
Clearance Quarterly payments
1st Interest Date
Due Date
Type of Financing
Senior Loan
Contribution
2.000.000 €
Loan Type
Subordinated loan with qualified subordination
Interest Payment Rhythm
Quarterly
Available From
11.11.2019
Minimum Investment Amount
500 €. In addition, any amount divisible by 50.
Maximum Investment Amount
Corresponds to the remaining available loan quota.

Note pursuant to § 12 (2) Investment Act:

The acquisition of this asset investment is associated with considerable risks and can lead to the complete loss of the invested assets.

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