8/30/2014

Shipbroker Notes: CarVal

CarVal Investors Cargill ' s Ship Investment Arm

CarVal has been in business for over 20 years and describes itself as an “independent subsidiary” of Cargill, the Minnesota-based commodities giant that is one of the most active charterers of bulkers and tankers in the world but also oversees owned tonnage as well.
CarVal keeps a low-profile but its infatuation with shipping isn’t a secret. There’s a prominent picture of a Geden bulker on its webpage, which may not come as a surprise since it is widely believed to have acquired at least four of the Turkish operator’s ships over the last two years.
The Nina, a full-size replica of the caravel ship sailed by Columbus in 1492. A caption reads: “Like the caravel ship CarVal Investors is known for speed, agility, strength and dependability, as well as its ability to think globally and execute locally.”