SeaChange Maritime
closedSeaChange Maritime owns and operates a fleet of medium-size containerships to serve as a leading supplier of vessels to integrated liner operators worldwide.
| Date | Investors | Amount | Round |
|---|---|---|---|
$100m | - | ||
| Total Funding | 000k | ||
SeaChange Maritime LLC operates as a specialized maritime transportation venture, focusing on the ownership and operation of a fleet of medium-sized containerships. The company was established in 2006 by Samuel Norton and Yariv Zghoul, with its Singaporean division, SeaChange Maritime (Singapore) Pte. Ltd., incorporated in February 2009. The firm serves the global shipping industry by supplying its vessels to integrated liner operators worldwide.
The founders brought complementary expertise to the venture. Samuel Norton was a senior executive officer at the Singapore-based Tanker Pacific Management, a part of the prominent Ofer Group, providing him with deep operational knowledge in ship management. Yariv Zghoul, a partner at the venture capital fund Synergy Ventures, contributed financial and investment acumen. This blend of maritime and financial experience allowed the company to secure substantial backing from blue-chip private equity firms and strategic investors. By mid-2007, SeaChange Maritime had successfully raised approximately $220 million in debt and equity capital to fund the acquisition of tonnage and expand its global footprint.
The company's business model centers on the full, in-house management of its fleet. This includes handling all commercial, operational, technical, and crewing functions from its own offices, ensuring direct oversight and control over its assets. The target market consists of liner operators who require medium-sized containerships for their routes. SeaChange Maritime generates revenue by chartering its vessels to these operators. The firm has also demonstrated a commitment to environmental awareness, undertaking an initiative in 2013 to name its new vessels after endangered species to raise consciousness within the shipping community.
Keywords: containership owner, vessel operator, maritime transportation, ship management, liner operators, chartering services, container vessel fleet, Samuel Norton, Yariv Zghoul, maritime investment, ship financing, technical ship management, commercial ship management, crew management, marine logistics, shipping assets, vessel chartering, maritime services, global shipping, private equity maritime