ÖL Shipping is a family owned Cyprus based group of SPC shipping companies and looks back at 25 years of successful shipping operations in markets such as container, multipurpose, dry bulk, general cargo, chemical tankers, passenger ships and mega yachts.
The Group today owns a fleet of 6 multipurpose / container vessels. All vessels are flagged under the White flag of Cyprus and subject to the very favourable tonnage tax system – TTS, under which Shipping Companies have the luxury of choosing taxation on the basis of net tonnage of the fleet as opposed to Corporate Income Tax.
As a visionary European ship owner, ÖL Finance, a company under the ÖL Group umbrella concentrates on accumulating equity and financing.
ÖL Finance, avails itself to welcome in addition to already existing, private and institutional investors, in way of equity acquisition in a market orientated profitable shipping segment and is further delighted to open the doors of new cooperation in proven shipping business models.
Oesterreichischer Lloyd Seereederei (Cyprus) Ltd, our in-house ship manager incorporating crewing, nautical and technical full management and commercial management.
The Group’s excellent access to significantly important global links of the value chain allows it to see a large amount of deal flow be it in newbuilding (not marketed for the time being), second hand tonnage or, distressed (bail out deals that could boost second hand vessel availability).
ÖL shipping brings together a strong management team with over 65 years of combined industry experience, outstanding market know-how and an innovative product range in niche markets,.
The Group is ready to welcome onboard long term strategic partnerships for further investments and / or joint ventures in ships to take advantage of today’s opportunities, strengthen its capital structure, long term growth and profitability whilst remaining a family owned shipping Group in the 5th safest country in the world.