Atef Abou Merhi is a second-generation shipowner via the Abou Merhi Group, a company owned by his family, and has extensive experience in the shipping industry. He is the managing director and a founding member of Pelagic Partners and also serves on the boards of all investments that fall under Pelagic, including joint ventures. The two founders of Pelagic Partners are independent shipowners and m
anagers who understand the shipping markets and have access to investment opportunities and deal flows. The company understands the complexity of running ships and how to operate and manage a fleet profitably. The Pelagic Investment Fund is run by a team with wide industry experience and is built on three pillars: vessel values and the associated downside risk, market sentiment, and operational flexibility and the generation of cashflow within the group. Pelagic Partners’ investments are in the following segments: commissioning service operational vessels (CSOVs), dry bulk carriers, gas carriers, PCTC, offshore support vessels, and tankers. The latter are responsible for transporting most of the world’s energy requirements, distributing petroleum products such as gas oil, diesel, petrol and lubricating oil from refineries to ports servicing industrial customers. Pelagic Partners is also the sole shareholder of ‘Pelagic Wind Service’, acting as the manager for Pelagic’s Offshore Wind Investment. Atef serves as a member of the board at Golden Energy Offshore Services, a publicly listed company in which Pelagic Partners bought a 20% stake in 2023. The investment made Pelagic Partners the second-largest shareholder after Oaktree Capital Management in the Oslo-listed Golden Energy Offshore Services, which owns and operates a fleet of offshore support vessels. This is just one of the many deals done via the Pelagic Investment Fund that require board of directors participation from Atef on a private level. After successfully completing a BSc (Hons) in Ship and Port Management in 2010, Atef studied for an MBA which he was awarded in 2018.