Press release | Ruggell/Hamburg, November 2020 The marketplace for securities and token issuances, area2invest, now offers the Green Ship Token of the Hamburg shipping company Vogemann. Interested investors can invest in the Security Token Offering directly online via distribution partner area2invest.
Sustainable investment in the global maritime economy
The Green Ship Token is a digital security in the form of tokenised, qualified subordinated participation rights. The subscribed capital will be used for the acquisition of the latest generation of Handysize bulkers. Handysize bulkers are among the all-rounders in the shipping industry. Due to their size and technical equipment, they are particularly flexible in worldwide use and can even call at ports with a lack of infrastructure.
Unlike a container ship serving fixed routes, Handysize bulkers follow their cargo and are deployed where they are needed. They are therefore predestined for the transport of goods for daily needs. They transport loose goods such as grain, coal, ores, minerals and other raw materials. The focus is on low-emission Handysize bulkers, preferably of the Green Dolphin class. They save about 40 percent fuel while at the same time reducing CO2 emissions.
“Bulkers are an essential component in the global flow of goods. With our Security Token Offering we enable private and professional investors to make sustainable investments in the global maritime economy”, says Markus Lange, Managing Partner of Vogemann Greenship Token GmbH. The current favourable purchase price situation, the fleet strength and the sustainable approach argue for an entry at exactly this time. The interest accrues from the chartering out of the ships and from the proceeds of any sales.
Thus Vogemann forecasts an interest rate of 8% p.a. on the invested capital with a maximum term of 15 years. In addition, the token distributes 50% of variable profits to the investors each year. The issuance volume is 50 million US dollars.
Impact Investment is in demand
“At area2invest, we offer access to a broad mix of interesting products, especially impact investing is increasingly in demand. The Green Ship Token is the first sustainable investment in Handysize-Bulker in the form of a digital security. It fulfils a large part of the Sustainable Development Goals of the United Nations, orientating on the proposed criteria of the EU Taxonomy Regulation, which is still to be adopted. Thus the Green Ship Token combines everything that a modern investment consists of: a convincing return on the basis of a sustainable investmentstrategy”, says Max Heinzle, CEO of area2invest.
After the simple and fast subscription, the token is delivered to the investor’s existing wallet or a new wallet is created as an option. The tokens are created on the Ethereum Blockchain via a Smart Contract in a forgery-proof and transparent way. They can be transferred from the wallet at any time. The development of the investment can then be followed in the investment overview in the area2invest portal.
“We are pleased to have a powerful additional sales channel on board with area2invest as distribution partner, because it helps us to expand our circle of investors”, says Patrick Schütze, Managing Director of neoFIN Hamburg GmbH (structuring partner of the offering).
About area2invest (distribution partner)
area2invest offers a marketplace for securities and token issues. The platform links natural and legal persons, non-professional and professional investors with issuers from different asset and product classes. As a tied agent of Bank Frick, Fintech builds on its strong network of banks, brokers, asset and fund managers.www.area2invest.com.
The issuer is part of the shipping group H. Vogemann, Hamburg, which was founded in 1886 and specialises in the business of bulk transport in all its facets. The business model stands for three independent, solid pillars on which the owner-managed companies occupy a unique position worldwide: The brokerage, the shipping company and the service companies. Through decades of experience Vogemann combines intensive global contacts to industry, trade and production with historically grown, worldwide relationships with shipping companies. Managing partners of Vogemann Green Ship Token GmbH are Jens-Michael Arndt and Markus Lange. www.vogemann.de
neoFIN Hamburg GmbH supports capital-seeking companies in the issuance of tokenised investment products via Security Token Offerings (STO) and accompanies them as a competent advisor and service provider during the planning phase of the issuance of tokenised investments, from the start of the public offering in the token sale to the successful completion of the capital market project. The founder and managing director of neoFIN Hamburg is Patrick Schütze. neoFIN Hamburg GmbH operates as an investment broker within the meaning of Section 1 (1a) Sentence 2 No. 1 of the German Banking Act (KWG) as a contractually tied agent within the meaning of Section 2 (10) KWG exclusively for the account and under the liability of Anton v. Below GmbH & Co. KG, Große Theaterstraße 42, 20354 Hamburg. www.neofin-hamburg.de
Press contact neoFIN Hamburg
neoFIN Hamburg GmbH
Phone: +49 (0)40 1819 5895
Press contact area2invest
Viktoria Hänsel / Henning Mönster
public imaging GmbH
Phone: +49 (0)40 401999 -155 / -156
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