Why Invest in Tankers?
Maritime shipping is a $14 trillion market that is the lifeblood of global trade, which transports 90% of the world’s goods. The many appealing aspects to investing in chemical tankers include:
- Diverse Cargoes: Chemical tankers operate on routes across the globe and carry a wide range of materials including vegetable oil, molasses, palm oil, methanol, ethanol and CPP
- Core Industry Ties: The chemical products transported by these tankers support core industries in our global economy including wind turbines, construction, food production, automotive, semiconductors, pharmaceuticals and others
- Supply/Demand Imbalance: Chemical tanker demand is expected to grow in the coming years at an accelerated rate due to the continued growing demand for chemicals, while at the same time, new ship construction costs are near all time highs, as are steel scrapping rates
- Forced Selling: Shipping companies are often forced to sell chemical tankers, with average lifespans of 20-30 years, when they are 10-15 years old, creating potentially deeply discounted buying opportunities
- High TCE Day Rates: Day rates for operating chemical tankers are near all-time highs depending on a tanker’s Deadweight Tonnage (DWT), a measure of the vessel’s carrying capacity
Why Easterly Clear Ocean?
Deep Expertise
Our investment team members are globally recognized leaders in the chemical tanker market.
Tax Efficiency
For taxable investors, Easterly Clear Ocean offers potential tax benefits due to the bonus depreciation of owning the vessels
Investor Access
Easterly Clear Ocean provides investors a unique opportunity to invest in this difficult-to-access and opaque market.
Risk/Reward Profile
In a world where yields with a reasonable risk/reward profile are difficult to obtain, Easterly Clear Ocean can offer a high level of income with downside risk protection 2
Tranche I Summary
- Fully invested ($70M)
- Acquired 7 vessels
- As of September 30th, 2023, 47% of original equity committed has been returned to investors
| Tranche I Vessels | Build Year | DWT |
|---|---|---|
| Easterly Lime Galaxy | 2008 | 19,992 |
| Easterly Beech Galaxy | 2007 | 19,998 |
| Easterly AS Olivia | 2007 | 19,981 |
| Easterly AS Omaria | 2007 | 19,974 |
| Easterly Hawk | 2008 | 25,385 |
| Easterly Falcon | 2009 | 25,418 |
| Easterly Osprey | 2009 | 25,431 |
Tranche II Summary
- Fully invested ($68M)
- Acquired 4 vessels
- As of September 30th, 2023, 29% of original equity committed has been returned to investors
| Tranche II Vessels | Build Year | DWT |
|---|---|---|
| Easterly Sirius | 2010 | 36,677 |
| Easterly Jupiter | 2009 | 36,667 |
| Easterly Canyon | 2009 | 36,667 |
| Easterly Symphony | 2009 | 36,667 |
Tranche III Summary
- First close held
- First 2 vessels acquired
| Tranche III Vessels | Build Year | DWT |
|---|---|---|
| Easterly Eagle | 2010 | 25,391 |
| Easterly Birdie | 2009 | 25,399 |
In the News
Easterly’s Maritime Investment Company Acquires Two Additional Chemical Tankers
Easterly MLEP acquires two more vessels, cementing their position as one of the largest western fleets of chemical tankers in the world.
Easterly’s Maritime Investment Company Acquires Four Additional Tankers
Easterly’s Maritime Investment Company has acquired four additional vessels through Easterly MLEP’s second chemical tanker investment tranche, bringing Easterly Clear Ocean’s fleet to 11 ships.
Easterly’s Maritime Investment Company Acquires Additional Tankers
Maritime Logistics Equity Partners (MLEP) Tranche just purchased three more ships, bringing its fleet to seven chemical tankers.
Easterly Announces Second Chemical Tanker Tranche Through Its Maritime Investment Company (MLEP)
We’re thrilled to announce the launch of the second tranche of Maritime Logistics Equity Partners (MLEP) for investors in response to continued opportunity in the chemical tanker space.
1 Prior to August 8, 2024, Easterly Clear Ocean was known as Easterly Maritime Logistics Equity Partners LLC.
2 Downside risk protection features are not a guarantee against losses.
Important Information
This website shall not be used or considered as an offer to sell, or a solicitation of an offer to buy, any security. Any such offering may be made only by the applicable Tranche’s confidential private placement memorandum (the “Memorandum”) and the definitive provisions provided for in the limited partnership agreement, subscription agreement and other operating documents of the Tranche, each of which will be made available to potential investors, and which should be read carefully by potential investors and their advisors. The discussion herein is qualified in its entirety by reference to the detailed information, including the substantial risks associated with an investment in an Easterly Clear Ocean investment vehicle, which will appear in the Memorandum and other definitive documents.
An investment in an Easterly Clear Ocean investment vehicle is illiquid, speculative and involves a high degree of risk and is suitable only for sophisticated investors who can bear substantial investment losses. A prospective investor should review carefully the section of the Memorandum, when available, entitled “risk factors” and should consider such risks in their entirety and should consult with its legal and tax advisors. No assurance can be given that the investment objectives of Easterly Clear Ocean will be achieved or that an investor will receive a return of all or part of his, her or its investment, and investment results may vary substantially over any given time period.
The Distribution data for investments set forth herein is for informational purposes only. It has not been audited or otherwise verified by any outside party. The past performance of the investment programs managed or controlled by Easterly Clear Ocean may not be indicative of the results that Easterly Clear Ocean may be able to achieve in the future. Distributions are not guaranteed.
Units of the Easterly Clear Ocean Tranches described herein, when and if offered, will not be registered under the Securities Act of 1933, as amended (the “1933 Act”) or any state or foreign securities laws, and the Units will be offered and sold only to persons that are “accredited investors” (as defined in Regulation D under the 1933 Act). The Units will be subject to certain restrictions on transferability and resale contained in the applicable governing documents. The Units have not been approved or disapproved by the securities and exchange commission or any other state or foreign securities regulator. It is anticipated that each Tranche will be exempt from the registration requirements of the Investment Company Act, and investors will not be entitled to the protections of such Act.
Past performance is no guarantee of future results.
The contents of this summary were not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding U.S. Federal tax penalties that may be imposed on the taxpayer. Such contents were written to support the promotion or marketing of the transactions or matters addressed by this memorandum. Each taxpayer should seek advice based upon the taxpayer’s particular circumstances from an independent tax adviser. The foregoing language is intended to satisfy the requirements under the regulations in section 10.35 of Treasury Department circular 230.
