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The investment in Lemissoler, a Bahrain based ship owning company, was made in 2008. The Company operated a fleet of 4 specialized commercial vessels and containerships under long term, fixed rate time charters with blue chip companies. The Company has sold all of its fleet which had been operating under profitable medium-term fixed rate charters. The proceeds of the sale were used to settle all outstanding liabilities, and the company is in the process of liquidation.
At the Marine Money Conference, held at the New York Stock Exchange, Lemissoler Maritime Company (one of Venture Capital Bank’s portfolio companies), was honored with the prestigious “Lease Deal Of The Year” award for 2010 by Marine Money Magazine, a leadin ...
Read MoreVenture Capital Bank has announced the distribution of an annualized 9% dividend representing 4.5% for the 6 months ending 31st December 2008 to the investors of Lemissoler Maritime Company W.L.L. VCBank has successfully arranged a US$ 120 million private p ...
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