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Friday, July 19, 2019

Maritime Logistics Professional

Posted by October 23, 2018

MPC Capital Further Expands Shipping Business

Photo: MPC Maritime

Photo: MPC Maritime

MPC Maritime Investments GmbH, a wholly-owned subsidiary of MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4), has acquired three Panamax-sized container vessels on behalf of an international investor. The transaction volume amounted to $42 million.  

In the current year, MPC Maritime has procured a total of nine single and multi-asset deals with an investment volume of more than $110 million. The focus of the newly acquired vessels is on bigger container ships, supplemented by bulkers and one tanker. The majority of the vessels are technically managed by Ahrenkiel Steamship and commercially managed by Contchart. Both companies are wholly-owned subsidiaries of MPC Capital AG and were originally set-up to focus on container ships and bulkers. Most recently, Ahrenkiel has begun offering management services for tanker vessels.

Following the successful launch of MPC Container Ships ASA last year focusing on feeder container vessels, the MPC Capital Group is asserting its role as a leading specialist for sourcing, financing and managing maritime assets. Moving forward MPC Capital plans to further expand its business with managed accounts in order to meet increasing investor demand for attractive maritime assets.

As of June 30, 2018, MPC Capital has EUR 5.2 billion ($5.9 billion) in assets under management (AUM). For the first time over half of this amount is attributable to business with institutional investors, underpinning the successful transformation of MPC Capital’s business model towards institutional clients. Shipping assets today make up 44 percent (EUR 2.3 billion / $2.6 billion) of all real assets managed by the MPC Capital Group.