SevenSeas Investment Fund has teamed up with Klapton Insurance on a financial product to guarantee the future value of its first acquisition.
The Luxembourg-registered fund, set up by chief executive Akis Tsirigakis and chief operating officer Stefanos Michalis in 2018, has placed its 36,600-dwt bulk carrier Frederika (built 2012) under Klapton’s Residual Value Guarantee product.
The vessel was the first acquisition made by SevenSeas in October 2019.
