Heidmar Commits to Growth with New PSV Market Venture and Feeder Acquisition
Deal News | Aug 19, 2025 | EIN
In the latest strategic update from Heidmar Maritime Holdings, CEO Pankaj Khanna discusses the company's second quarter performance of 2025, highlighting a 23% increase in revenue compared to the previous year. Key contributors to this growth include the initiation of a five-year contract for the platform supply vessel (PSV) Ace Supplier and the growing number of vessels under commercial management. Khanna underscores the company's entry into the PSV market as a pivotal move, noting the high barriers to entry but also the niche opportunities it presents. Alongside this, the acquisition of the A.Obelix feeder vessel marks the formal launch of Heidmar's project development business. Financially, Heidmar has secured a $20 million growth capital facility with B. Riley, positioning the company to pursue further expansion in the latter half of 2025 amid shifting global trade dynamics.
Sectors
- Maritime and Shipping
- Private Equity and Investment
Geography
- Greece – Heidmar is headquartered in Athens, Greece, and plays a significant role in the country's shipping industry, influencing its geographical focus.
- Global – With operations in London, Singapore, Chennai, Hong Kong, and Dubai, and given its involvement in global trade flows, Heidmar's activities are globally oriented.
Industry
- Maritime and Shipping – Heidmar is a maritime and shipping service provider, focusing on vessel operations, strategic acquisitions, and market expansion.
- Private Equity and Investment – Heidmar's securing of a $20 million growth capital facility from B. Riley aligns with investment and funding activities typical of the private equity and investment industry.
Financials
- $20 million – Secured flexible growth capital facility from B. Riley.
- 23% revenue increase – Year-over-year revenue growth in Q2 2025 driven by strategic contracts and initiatives.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Heidmar Maritime Holdings | Target Company | Company | Heidmar is a global maritime service provider focused on expanding its market presence and operational capabilities. |
| Pankaj Khanna | CEO | Person | CEO of Heidmar Maritime Holdings, responsible for guiding the company's strategic vision and growth initiatives. |
| B. Riley | Lender/Investor | Company | Provided a $20 million flexible growth capital facility to Heidmar, supporting its expansion strategies. |
| A. Obelix | Acquired Vessel | Company | The feeder vessel acquired by Heidmar to kickstart its project development business. |