Sources say Cao Deambrosio and Ron Petrunoff of maritime consultancy Seamax Partners are heading up MC Seamax Shipping Opportunities Fund, which is backed by Mitsubishi Corp subsidiary MC Asset Management Holdings.

The fledgling fund, which will be based in Stamford, Connecticut, intends to exploit the recent decline in asset prices by purchasing and managing up to 35 containerships that will be leased to leading carriers if all goes according to plan.

According