Pelagic Partners, a shipping investment outfit set up two years ago by Niels Hartmann and Atef Abou Merhi, got its second shipping fund up and running.

The first ships to join the newly established Pelagic Yield Fund are the 50,000-dwt Pelagic Tarpon and Pelagic Taimen (both built 2006).

The pair was formerly trading as Arctic Blizzard and Arctic Breeze, respectively, in the managed fleet of Germany’s NSB Niederelbe Schiffahrtsgesellschaft.