MST Mineralien Schiffahrt Spedition und Transport (Minship) is seeking to raise funds from retail investors to finance a pair of handysize bulkers.

The Bavarian owner is seeking to raise $28m in equity, in addition to bank loans of $30m, to finance the 27,000-dwt Marguerita and Tanja (both built 2016).

The project is the first of its kind to have gained regulatory approval under tougher alternative investment rules implemented by German financial watchdog BaFin.

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