Canadian Hampton Financial invests in Icon Energy

Hampton Financial has made its archetypal determination into the shipping sector, acquiring a stake successful U.S.-listed Greek shipping company Icon Energy, controlled by Ismini Panagiotidi.

The Toronto-based institution announced that it invested astir CAD 550,000 to acquisition 325,000 shares, thereby acquiring a 10% stake successful Icon Energy.

Hampton CEO Peter Deeb said the concern was driven by the company’s undervalued marketplace valuation, arsenic well arsenic improving freight markets and a much affirmative outlook for the shipping sector.

Athens-based Icon Energy presently manages three medium-sized bulk carriers and has already stated that it sees caller maturation opportunities successful the adust bulk marketplace pursuing its caller superior raising.