Ramlösa Shipping Secures Record Profit by Selling Majority Stake in Container Ship Perseus
Ramlösa Shipping sells majority stake in container ship Perseus, achieving a 58% return and planning reinvestment aligned with its 20% annual return target.
- • Ramlösa Shipping sold 51% of its stake in container ship Perseus for 13.5 million SEK profit.
- • The sale reduced ownership from 68% to 17%, yielding about 58% return on investment.
- • Company aims for at least 20% annual return and plans to distribute 50-70% of profits to shareholders.
- • CEO Stefan Norrsell emphasizes shipping’s stability and the strategy of reinvesting profits into promising vessels.
Key details
Ramlösa Shipping, a Swedish publicly listed investment company specializing in international shipping, has announced a record profit following the sale of 51% of its stake in the container ship Perseus. The sale, which reduced Ramlösa's ownership from 68% to 17%, yielded a profit of 13.5 million SEK, equating to approximately a 58% return on the initial 23 million SEK investment. CEO Stefan Norrsell highlighted the company’s pragmatic approach, emphasizing that they maintain no emotional attachment to their vessels, instead capitalizing on profitable opportunities to benefit shareholders.
The company plans to reinvest the proceeds into another promising vessel aligned with its strategic goal of generating at least a 20% annual return on investments. Since its listing on the Spotlight Stock Market in October 2024, Ramlösa Shipping has prioritized growth in international markets and intends to distribute 50-70% of its profits to shareholders. The company currently holds stakes in a diversified fleet, including two container ships, a gas vessel, and a tanker, focusing primarily on leasing income.
Norrsell stressed the stability and resilience of the shipping sector, particularly amid global uncertainties like the ongoing conflict in Ukraine and the COVID-19 pandemic. Shipping’s essential role—transporting 80-90% of Sweden's imports and exports—makes it an attractive investment. Norrsell compared shipping investments to real estate but noted the global nature of the shipping market allows for flexibility in managing and selling assets across regions. The company's strategy is underpinned by securing long-term contracts to ensure steady cash flow and mitigate risks, fostering shareholder value creation in a volatile environment.
This transaction exemplifies Ramlösa Shipping’s investment philosophy of leveraging market timing and strategic asset management to maximize returns, supporting sustained shareholder dividends and international expansion.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.
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