Safe Ship Investment Company S.C.A., SICAR is a European Maritime private open ended fund incorporated in Luxemburg on April 18th of 2007 with the purpose to invest in the shipping industry.
The primary objective is achieving high risk adjusted returns on capital employed in owning and managing vessels.We seek to benefit from market inefficiencies in asset prices which we have long track records in assessing. The Fund manages and realises oppportunities in shipping, utilising extensive shipping experience. The Fund is now positioned to take advantage of a cyclical upswing in the economy, while expected to generate over 30% of its 2009 NAV in net profits during 2010, based on its current charter contracts.
The Fund invites private and institutional investors who wish to gain exposure in the shipping industry and benefit directly from the income generated by the ownership of ships without committing large amounts of capital or time.
Safe Ship Investment Company S.C.A., SICAR is approved and regulated by Commission de Surveillance du Secteur Financier (CSSF), audited by Pricewaterhouse Coopers and managed by Safe Ship Capital Partners Sarl. The appointed depositary and paying agent is Societe Generale Bank & Trust S.A.
