Downing injects £7m into Anker

The transaction is the GP's second investment in the shipping space, following a £5m investment in Garthcliff Shipping in March 2018.

Following the Anker deal, HS Schiffahrt will oversee the technical management of the newly acquired feeder vessel, while Nordic Hamburg will advise on commercial operations.

According to a statement issued by Downing, the vessel will require substantial maintenance work before it is fit to be chartered.

Company
Founded in 2017, London-headquartered Anker Shipping is a shipping company. The firm's newly acquired vessel is capable of transporting 1,350 containers at a time.

People
Downing – David Butler (investment manager).
Anker Shipping – Andrew Bell (founder).

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