Shipping
MPC Capital further expands shipping business with institutional investors
23 Oct 2018
Hamburg, 23 October 2018 - MPC Maritime Investments GmbH ("MPC Maritime"), 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 USD 42 million.
In the current year, MPC Maritime has procured a total of 9 single and multi-asset deals with an investment volume of more than USD 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 30 June 2018, MPC Capital has EUR 5.2 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 % (EUR 2.3 billion) of all real assets managed by the MPC Capital Group.
About MPC Capital AG (www.mpc-capital.com)
MPC Capital AG is an internationally active asset and investment manager specialising in real asset investments. Together with its subsidiaries, the company develops and manages investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 270 employees group-wide.
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Contact
Stefan Zenker
Head of Investor & Public Relations
+49 (40) 380 22 - 4347
s.zenker@mpc-oceanic.com
About MPC Oceanic Group
The MPC Oceanic Group is a publicly traded investment and management company headquartered in Hamburg, Germany, with operations in the maritime and energy sectors. For more than 30 years, the company has been developing business models and platforms that are of key importance to global trade and the energy transition. Together with institutional investors and strategic partners, MPC Oceanic develops, structures, and finances investments in vessels and energy infrastructure. In addition to its investment business, the Group’s companies provide operational services to industrial customers and third-party owners, ranging from newbuilding supervision to technical and commercial management during operations. MPC Oceanic employs approximately 280 people in 10 countries and manages or operates more than 400 vessels and energy projects with a total value of approximately EUR 5.6 billion (“assets under management”). The shares of MPC Oceanic Group AG are listed in the Scale segment of the Frankfurt Stock Exchange (Deutsche Börse) under the ISIN DE000A1TNWJ4.
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