Paradise Gas Carriers (PGC) is a holding company established in 2013 to create a portfolio of ships, each incorporated as an individual SPV, including liquid petroleum gas and product tankers. PGC was established with $66mn of capital as a 50/50 joint venture between Paradise Group Holdings II and Mystic Ventures.
Paradise Group Holdings II (PGH II) is a newly-established investment company with a 50% interest in Paradise Gas Carriers. Companies within PGH II share common ownership through Mr. Konstantinos Tsakiris, Chairman.
Mystic Venture is also a newly-established investment company with a 50% interest in Paradise Gas Carriers and represents the shipping interests of the Vasilopoulos family, previous owners of Specifar Pharmaceuticals, through Mr. Petros Vasilopoulos, Chairman.
Paradise Navigation SA (PNSA) is a Greek ship management/operations company registered in Panama, founded in 1968 by the Tsakiris family. PNSA is well known for its strong focus on quality (certifications include ISM, ISO, ISPS and TMSA) as well as its good reputation in the shipping market for being driven by integrity and ethics. Proof is the 15-year record of almost zero Hull and Machinery claims to date. PNSA has also approvals from all major oil companies, with a very high success rate on vettings.