Cornavin Shipping has launched a private offering to raise funds to purchase a multipurpose (MPP)/heavylift ship using the UK’s Enterprise Investment Scheme (EIS).
If successful, the plan is to follow up by raising finance for further MPP vessel purchases while asset prices remain low.
Behind the scheme — dubbed Corn Rising Shipping EIS — is Cornavin founder Charles Gamon, who said he has been “watching and waiting” for an opportunity since the last ship managed by his company was sold in 2011.
