{"id":8732,"date":"2026-02-11T00:24:14","date_gmt":"2026-02-11T00:24:14","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/8732\/"},"modified":"2026-02-11T00:24:14","modified_gmt":"2026-02-11T00:24:14","slug":"pelagic-credit-oslo-listing-fleet-expansion-dividend-strategy-news-and-statistics","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/8732\/","title":{"rendered":"Pelagic Credit Oslo Listing: Fleet Expansion &#038; Dividend Strategy &#8211; News and Statistics"},"content":{"rendered":"<p>\n\t\t\t\t\t\t\t\t\t\t\t\tFeb 10, 2026\t\t\t\t\t<\/p>\n<p>According to <a href=\"https:\/\/www.indexbox.io\/store\/cyprus\/\" target=\"_blank\" rel=\"nofollow noopener\">Splash247<\/a>, the Cyprus-based shipowner and fund manager <a href=\"https:\/\/app.indexbox.io\/companies\/profile\/3894401\/\" target=\"_blank\" rel=\"noopener nofollow\">Pelagic Partners<\/a> is preparing to list its shipping credit platform, Pelagic Credit, on <a href=\"https:\/\/www.indexbox.io\/store\/branch\/maritime-shipping-ports-industry\/\" target=\"_blank\" rel=\"nofollow noopener\">Euronext Growth Oslo<\/a>. The plan involves a private placement of new shares ahead of the listing, with the bookbuilding period scheduled from February 10 to February 13.<\/p>\n<p>Pelagic Credit was established the previous year as a dedicated shipping credit and shipowning vehicle. Its <a href=\"https:\/\/learn.indexbox.io\/courses?q=strategy\" target=\"_blank\" rel=\"noopener nofollow\">strategy<\/a> combines asset-backed investing with long-term bareboat charter structures to target predictable cash flows instead of spot market exposure.<\/p>\n<p>The company currently owns three vessels, all fixed on five-year bareboat charters, which form the core of its dividend-oriented strategy. The company does not operate ships itself but leases them under long-term contracts designed to secure full revenue days and limit cost exposure.<\/p>\n<p>Following a successful fundraise and listing, Pelagic Credit is reviewing a pipeline of six separate transactions covering nine vessels. This potential acquisition list includes one multipurpose support vessel, three handysize bulkers, two cement carriers, one commissioning service operation vessel, and two midsize gas carriers. Completing all deals would grow the fleet to twelve vessels.<\/p>\n<p>Pelagic Credit is targeting a post-money equity valuation between $125 million and $150 million. The private placement aims to raise gross proceeds of approximately $107 million to $132 million, with shares priced at the Norwegian krone equivalent of $2.03 each. Pelagic Partners, through its managed funds, has committed between $40 million and $50 million, while a cornerstone investor from a well-known shipping family has pre-committed $10 million.<\/p>\n<p>The platform is led by chief executive Tobias Backer, who previously worked on shipping credit strategies at ICON Capital and Oaktree-backed Fleetscape. Pelagic Credit is sponsored by Pelagic Partners, an alternative investment fund manager founded by shipowners Niels Hartmann and Atef Abou Merhi, both of whom are directly invested in the platform.<\/p>\n<p>Proceeds from the offering will be used to equity-finance vessel acquisitions alongside senior secured debt, with operating cash flow intended for distribution to shareholders. Proceeds from any asset sales are earmarked for reinvestment into similar yield-generating transactions.<\/p>\n<p>Subject to completing the private placement and securing necessary approvals, Pelagic Credit expects its shares to commence trading on Euronext Growth Oslo around February 19.<\/p>\n<p>Source: <a href=\"https:\/\/app.indexbox.io\/report\" rel=\"nofollow noopener\" target=\"_blank\">IndexBox Market Intelligence Platform<\/a>\n\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Feb 10, 2026 According to Splash247, the Cyprus-based shipowner and fund manager Pelagic Partners is preparing to list&hellip;\n","protected":false},"author":2,"featured_media":332,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[7157,7154,157,156,7153,7152,7159,7156,7160,7155,7158,7161],"class_list":{"0":"post-8732","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-oslo","8":"tag-bareboat-charters","9":"tag-euronext-growth","10":"tag-norway","11":"tag-oslo","12":"tag-oslo-listing","13":"tag-pelagic-credit","14":"tag-pelagic-partners","15":"tag-private-placement","16":"tag-shipowning","17":"tag-shipping-credit","18":"tag-tobias-backer","19":"tag-vessel-acquisition"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/8732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=8732"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/8732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/332"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=8732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=8732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=8732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}