Easterly Maritime Logistics Equity Partners Rebrands as Easterly Clear Ocean

By: Easterly Asset Management via Business Wire

September 09, 2024 at 08:00 AM EDT

Easterly Asset Management’s (“Easterly”) Maritime Logistics Equity Partners (“MLEP”), a company formed to capitalize on imbalances and dislocations in the international shipping markets, today announced its formal rebrand as Easterly Clear Ocean.

The rebranding underscores Easterly's commitment to showcasing its carefully curated, high-performing investment teams, with no impact on the ownership structure or the day-to-day strategic operations of the company. The new brand name underscores the clarity and opportunity the Easterly Clear Ocean team can provide to investors in an otherwise difficult-to-access and historically opaque market.

Easterly Clear Ocean is one of the largest western fleets of chemical tankers in the world. A leader in maritime investment, Easterly is strategically positioned to capitalize on the expanding $14 trillion maritime shipping industry, which transports 90% of the world's goods. The company's fleet transports chemical products that are critical to maintaining core industries including wind turbines, construction, food production, semiconductors, and pharmaceuticals, among others.

“Easterly Clear Ocean’s rebrand reflects our commitment to growing our maritime business, one of our core alternative solutions for private wealth investors,” said Darrell Crate, Founder and Managing Principal of Easterly Asset Management. “Easterly Clear Ocean’s established track record and deep industry expertise in shipping enables the company to identify and take advantage of emerging maritime market trends, providing investors with a clear path to navigate this sector successfully.”

Easterly Clear Ocean was formed to capitalize on imbalances in global commodity transportation capacity driven by surging demand and constrained supply. Easterly’s chemical tanker fleet transports essential liquids, including palm oil, molasses, and feedstocks. The strength of the market persists amidst shrinking supply, with chemical tankers retiring faster than new ships are built. Meanwhile, global demand for chemical transport continues to grow.

ABOUT EASTERLY

Easterly Asset Management and its Strategic Partners provide private wealth and institutional investors with a portfolio of solutions across alternatives, active equity and active fixed income. Founded in 2019, Easterly’s goal is to bring curated solutions to clients that make their portfolios better by partnering with trusted investment teams who have an established track record of delivering value to investors. Easterly enables high-performing managers to operate at scale by delivering best-in-class resources, risk management, operational support, infrastructure and an institutional and wealth distribution team. As of March 31, 2024, Easterly and its Strategic Partners manage over $60B of client assets. For more information, visit easterlyam.com.

ABOUT EASTERLY CLEAR OCEAN

Easterly Clear Ocean provides investors direct access to the opaque international shipping markets. The company was formed to capitalize on supply and demand imbalances across various maritime subsectors. The asset class aims to provide investors with a diversified, non-correlating, yield-oriented vehicle offering income and capital returns. Given the broad maritime marketplace, Easterly Clear Ocean expects to opportunistically deploy capital across maritime sub-sectors, identifying attractive entry points driven by historically low order books, capital intensive requirements for new builds, and expanding ton-mile demand. For more information, visit https://institutional.easterlyam.com/investment/easterly-clear-ocean/