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Maritime Logistics Equity Partners (MLEP)

In 2021, Easterly formed Maritime Logistics Equity Partners (MLEP) to take advantage of opportunities and dislocations in the international shipping markets. In certain sub-classes of vessels, specifically in chemical tankers, a supply/demand imbalance has created a compelling investment opportunity.

Watch The Relaunch of Easterly Hawk after Dry Dock

A short video featuring Easterly Hawk, one of Easterly MLEP’s chemical tankers, coming out of dry dock. Watch to learn more about why we believe now is an exciting time to invest in these critical maritime assets.

Deep Expertise

Our MLEP investment team is globally recognized leaders in the chemical tanker market.

Tax Efficiency

For taxable investors, MLEP offers potential tax benefits due to the bonus depreciation of owning the vessels

Investor Access

MLEP 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, MLEP can offer a high level of income with downside risk protection 1

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 VesselsBuild YearDWT
Easterly Lime Galaxy200819,992
Easterly Beech Galaxy200719,998
Easterly AS Olivia200719,981
Easterly AS Omaria200719,974
Easterly Hawk200825,385
Easterly Falcon200925,418
Easterly Osprey200925,431

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 VesselsBuild YearDWT
Easterly Sirius201036,677
Easterly Jupiter200936,667
Easterly Canyon200936,667
Easterly Symphony200936,667

Tranche III Summary

  • First close held
  • First 2 vessels acquired
Tranche III VesselsBuild YearDWT
Easterly Eagle201025,391
Easterly Birdie200925,399

Why Invest in Tankers?

Maritime shipping is a $12T market that is the lifeblood of global trade, transporting 90% of products the world consumes. 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

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.

Read Press Release

Easterly’s Maritime Investment Company Acquires Four Additional Tankers

Easterly’s Maritime Investment Company has acquired four additional vessels through MLEP’s second chemical tanker investment tranche, bringing MLEP’s fleet to 11 ships.

Read Press Release

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.

Read Press Release

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.

Read Press Release

1 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 MLEP investment vehicle, which will appear in the Memorandum and other definitive documents.

An investment in an MLEP 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 MLEP 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 MLEP may not be indicative of the results that MLEP may be able to achieve in the future. Distributions are not guaranteed.

Units of the MLEP 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.

Strategy Facts

Tranche I: June 8, 2021
Tranche II: July 7, 2022
Tranche III: August 10, 2023
Easterly Maritime Logistical Equity Partners
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Request More Information

info@easterlyam.com
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Mike Collins
Partner & Managing Director
mcollins@easterlyam.com

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For questions or inquiries, please feel free to contact us by completing the form below.

For media inquiries, please contact press@easterlyfunds.com.