Dr. Kari Luomakoski established FinnFleet in 2013. Charles Bonfield joined mid 2014 to head the company’s London operations. Kari and Charles bring the shipping knowledge to the company Historically investment funds have been provided by Finnish family offices. Finnish capital is now primarily sourced through a publicly quoted asset management company.
FinnFleet has investment participation in a fleet of 37,000 – 200,000 DWT (dead weight ton) tankers. These time-chartered vessels are operated globally in joint ventures together with the leading tanker pools for the transportation of crude oil and refined oil products. The company’s investment opportunities include medium-term solutions that have very high return expectations as well as longer-term structures in which risks are more moderate but return potential remains highly competitive.
At the moment FinnFleet has outsourced all possible operative functions to companies operating in London and Singapore. With offices in London, Helsinki, Tallinn and Singapore, FinnFleet is able to maintain close relationships with its partners as well as follow the tanker market closely.
Since inception the company’s operations have been profitable and the cash flow has been positive.