MPC Maritime Investments GmbH, a wholly-owned subsidiary of German investment manager MPC Capital AG, has acquired three Panamax-sized containerships for USD 42 million on behalf of an international investor.
The latest acquisition is being reported on the back of a total of 9 single and multi-asset deals made so far this year, worth over USD 110 million. The focus of the newly acquired vessels is on bigger containerships, supplemented by bulkers and one tanker.
MPC Maritime said that the majority of the vessels are technically managed by Ahrenkiel Steamship and commercially managed by Contchart, both wholly-owned subsidiaries of MPC Capital AG.
“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,” the company said.
As of 30 June 2018, MPC Capital has EUR 5.2 billion in assets under management, with over a half of this amount attributable to business with institutional investors. Shipping assets make up 44 % (EUR 2.3 billion) of all real assets managed by the MPC Capital Group.