Mjølner Shipping Holdings LLC and MID-SHIP Capital LLC has announced the expansion of their joint venture with the launch of their second fund, Mjølner Product Solutions LLC.

Mjølner Shipping Holdings LLC (“Mjølner”) and MID-SHIP Capital LLC (“MID-SHIP”) has announced the successful closing of a product tanker-focused investment fund, Mjølner Product Solutions LLC (“Product Solutions”), a Marshall Islands company.

Product Solutions was formed to provide investors with efficient access to vessel trading exposure in the product tanker market and follows the crude tanker fund launched by the joint venture in 2017. Mjølner and MID-SHIP will provide all services pertaining to Product Solutions, including commercial management, risk management, finance and investor relations.