MPC Maritime Investments has acquired a trio of panamax-sized container vessels priced at US$42M on behalf of an international investor.
Its parent company MPC Maritime has procured nine single and multi-asset deals with an investment volume of more than US$110M. 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 tankers.
A statement explained “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 30 June 2018, MPC Capital has €5.2Bn (US$6Bn) in assets under management. It said that 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% of all real assets managed by the MPC Capital Group.
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