German crowdsourcing ship finance platform Marvest is on a mission to restore investors' trust in shipping.

The Hamburg-based platform was launched in 2018 by managing director Nikolaus Reus and domestic shipowner Ernst Russ Group.

It has since raised money to refinance three cargoships from small retail investors.

The latest deal involved Norwegian shipowner EOS Bulk Invest's 8,100-dwt bulker Manisa Floyen (built 2006) and brought in €2m ($2.2m) of cash.