MPC Capital acquires half of a German tanker operator. The strategic acquisition is largely attributable to the upcoming sulfur regulations and increased interest from institutional investors, says the managing director.
A new joint venture between MPC Capital and Zeaborn is underway, says MPC. The companies will merge two units of shipbrokering activities, and the new venture is expected to launch operations on Nov. 1. Corrected
Newly-established container carrier MPC Container Ships plans to have 35 to 50 feeder vessels within a year. "This would be a good starting point for us," the CEO of the Oslo-based company tells ShippingWatch.
MPC Container Ships adds another three container ships to the company's growing fleet. With the latest acquisitions, the newly-established shipowner now owns 11 feeder vessels, all geared towards the feeder market.
Shipowner MPC Container Ships will be listed on the Norwegian stock exchange Merkur Market. MPC Container Ships was founded by MPC Capital and financed with Norwegian money. Earlier this month, the company bought seven container vessels.
German asset manager MPC Capital has now tapped into USD 100 million the company raised back in April. MPC has purchased seven container ships, while another six are headed for delivery. Hamburg Süd's CEO will join the board of directors at MPC Container Ship.