Page 54 - Next Generation 2015 - Digtial Issue
P. 54
Next Generation Europe
Publicity-shy sons
sit with their father
as the only board
members of the
growing Yasa
Holdings empire
Turkey Yalcin Sabanci, centre, with sons Ilhan, left, and Emirhan
Ilhan and Emirhan
Sabanci Yasa Holdings empire, and as a Turkish aframax and four suezmax vessels, all
family company, they remain relatively built between 2007 and 2011.
ILHAN and Emirhan Sabanci are the reticent of publicity.
sons of Yalcin Sabanci, the wealthy Notably the vessels were all built
patriarch of the family company he The shipowning side of the and ordered for Yasa Holdings, with
founded in 1999 using the first letters of business operates a fleet of 17 dry bulk none purchased secondhand.
his own name to create Yasa Holdings. vessels, from handysize to kamsarmaxes
and built in Japan between 2005 and Yasa Holdings consists of other
As a part of the Sabanci family 2009. A tanker division consists of four divisions active in construction and
conglomerate, Mr Sabanci senior ranks tourism.
as one of the top 40 richest people in
Turkey, as do a number of his relatives.
Both sons sit with their father as
the only board members of the growing
The head of M Sea Capital has to be
versatile and dynamic to beat the cyclical
nature of the shipping markets
Israel has worked through Navig8, but also Mr Mano was partner, board
Modi Mano in the dry bulk and other sectors. member and chief investment and
finance officer of Navig8 from 2006
WHEN Modi Mano left Navig8 and M Sea has built up a good to 2012. Navig8 was credited for its
launched his own business, M Sea portfolio of investments in the meteoric growth in becoming one of
Capital, in late 2012, he had one key past two years, with clients among the largest tanker pool and commercial
thought in mind: whatever he did had operators, traders, oil majors and operators in the market.
to be versatile and dynamic to beat financial institutions, such as equity
the cyclical nature of the shipping investors. Gaining a bachelor’s degree in
markets. business administration in 2000, Mr
Mr Mano can, he says, cherry-pick Mano went on to gain an MSC with
He joins the Lloyd’s List Next the most suitable counter-parties for distinction in shipping trade and
Generation as many see him as having any deal, and in doing so is in a better finance in 2002 from Cass Business
those same traits of versatility and position to engage them in discussions School at City University, London.
dynamism to build up his position about sharing both the upside gains
within shipping. and the downside risks of any deal.
M Sea Capital is a shipping With markets in 2015 being so
investment company focused initially different from 2012, Mr Mano is wise to
in the tanker segment, where Mr Mano retain the ability to adapt his business
model to meet market challenges.
52 | Lloyd’s List Next Generation 2015 | www.lloydslist.com
