Photo＝Purus Marine’s Offshore Wind Power Support Vessel
Tokyo Century Corporation announced on April 12 that it will invest in Blue Ocean 4 Impact, a shipping fund that will invest in environmentally advanced ships and other vessels to decarbonize the shipping sector.
The company did not disclose the amount of its investment. Purus Marine Holdings (based in London), a U.K.-based ship investment company in which the fund will invest, is engaged in the business of owning environmentally friendly ships that contribute to decarbonization.
Purus Marine was established by EnTrust Global, a large U.S. investment fund, to invest in maritime assets.
According to its website, Purus Marine has invested in seven mid-size LPG (liquefied petroleum gas) carriers, four LNG (liquefied natural gas) carriers, two ethane carriers, six offshore support vessels, 27 CTVs (crew transport vessels), and electric ferries, with the goal of achieving net zero CO2 emissions from its fleet by the 2030s. The company aims to achieve net zero CO2 emissions from its vessels by the 2030s.
ITOCHU and Sumitomo Mitsui Finance and Leasing announced their investment in Purus Marine last spring.