Alshair Fiyaz Moves Family Office Portfolio Toward Carbon-Negative Target in Cap Diamant Sale

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Forbes MC Staff   Forbes Monaco

Alshair Fiyaz Moves Family Office Portfolio Toward Carbon-Negative Target in Cap Diamant Sale

In a shift toward sustainable investments, entrepreneur Alshair Fiyaz’s family office, ALFI Investments, has divested all of its interests in oil shipping with the Sept.14 sale of its Suezmax oil tanker, Cap Diamant, the final ship in its portfolio.

The ship was originally purchased by Alshair Fiyaz from Belgian company Euronav NV in April 2020 to store crude oil when the coronavirus pandemic pushed global oil prices into negative territory for the first time. 

Alshair Fiyaz had previously owned a fleet of dry-bulk carrier ships purchased in 2004 for chartering purposes, as well as a one-time majority share in Global Oceanic Carriers. He divested of both shortly before the Covid-19 pandemic drove the global economy into recession. 

Though now without any assets in the shipping sector, ALFI Investments does not rule out further acquisitions in the industry as long as they align with the family office’s “carbon-negative” and sustainability goals.

ALFI now looks to grow its portfolio with green and “carbon-negative” opportunities that provide regular returns while conforming with environmental, social, and governance (ESG) considerations.

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Forbes MC Staff   Forbes Monaco