IN PROFILE
Towards an investment fund Gestion Maritime is set for a change of focus
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rom a family-based shipping company to a private equity firm focused on ships and maritime transport. That’s the way in which CEO Danilo Fumarola plans to transform Monaco-based Gestion Maritime in the near future. After having closed another deal with a big capital gain with the sale of the newly built bulk carrier Giovanni Corrado, Fumarola is now focusing on the next step of evolution for the company he heads. Thanks to an excellent track record of ship purchase and sales in the last decade in terms of profitable deals, Fumarola reveals his new idea of making Gestion Maritime not only a shipping company but also mainly an investment firm very similar to an investment fund. “We have been working at this project for a long time and in the next months it will take shape. The idea is to build up a new model of a shipowning company, something
Spot on
Gestion Maritime Founded 112 years ago, Monacobased Italian shipping venture with focus on bulk and gas carriers.
ISSUE THREE 2020
more similar to a private equity fund, which both controls and manages ships, but mainly the investments,” Fumarola explains. Every decision will be based on detailed quantitative and statistics analysis supported by a risk management model for each investment, Fumarola says. Gestion Maritime has been prepping for this transition for years. Internal audits, track records, high profile corporate governance, risk management, social responsibility and avoiding conflicts of interest will be key drivers for the new venture. Gestion Maritime is a shipping investment company founded in 1908 in Italy but headquartered in
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The idea is to build up a new model of a shipowning company, something more similar to a private equity fund
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Monaco since 1976. Shipping activity has always been focused on dry and wet bulk as well as gas carriers. “ “We want to become the private equity fund with a promoter and other investors,” concludes Fumarola specifying that all of Gestion Maritime’s fleet will be put into the new venture.”●
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