Ramlösa Shipping Sells Majority Stake in Perseus Container Ship, Targets 20% Annual Returns
Ramlösa Shipping sells majority stake in Perseus container ship for significant profit, emphasizing a 20% return target and reinvestment into shipping opportunities.
- • Ramlösa Shipping sold 51% stake in Perseus container ship for 23 million kronor, earning 13.5 million kronor profit.
- • The company aims for a minimum 20% annual return on new investments and plans to distribute 50-70% of profits to shareholders.
- • Portfolio includes two container ships, a gas vessel, and a tanker, with income mainly from leasing.
- • CEO Stefan Norrsell highlights shipping’s stability and strategic diversification to manage risks.
Key details
Ramlösa Shipping, a Swedish publicly listed investment company specializing in international shipping, has sold 51% of its stake in the container ship Perseus for 23 million kronor, earning a profit of 13.5 million kronor—a 58% return on its investment. This transaction reduces their ownership in Perseus from 68% to 17%. CEO Stefan Norrsell, who founded the company in 2022, emphasized their strategic approach of avoiding emotional ties to vessels and focusing on profitable opportunities. The profits from this sale are planned to be reinvested into another promising vessel, aligning with the company's goal to achieve a minimum of 20% annual return on new investments.
Ramlösa Shipping’s portfolio currently includes stakes in two container ships, a gas vessel, and a tanker, primarily generating income through leasing operations. The company aims to distribute 50-70% of profits to shareholders. Norrsell underscores the shipping sector's stability and attractiveness, especially during global crises, noting the industry’s critical role as it accounts for 80-90% of goods entering and leaving Sweden. Their investment philosophy values diversification across geographic regions and shipping segments to mitigate risks, likening shipping investments to real estate due to the global market’s flexibility in selling vessels regardless of local downturns.
With long-term contracts ensuring steady cash flows, Ramlösa Shipping expects to maintain positive prospects as it continues to seek lucrative and diverse shipping investments.
This article was translated and synthesized from Swedish sources, providing English-speaking readers with local perspectives.
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