IR
MPC Capital expands its management platform with the addition of a portfolio of energy-efficient container vessels
02 Oct 2024
- Addition of four 3,800 TEU container ships with a total volume of USD 180 million
- Expansion of Assets under Management in line with refined strategy
- Mid-term charter agreements increase visibility of recurring income
Hamburg, 2 October 2024 -- The investment and asset manager MPC Capital announces the addition of four highly efficient container vessels to its asset management platform. With a total volume of USD 180 million, the fleet contributes to the growth of MPC Capital's Assets under Management. This increases the basis for recurring management fees, which are the key component of MPC Capital's income streams.
With the presentation of the half-year financial report 2024, MPC Capital announced its strategic focus on Maritime and Energy Infrastructure with a strong emphasis on projects related to the energy transition. Due to their design and technical specifications, the container vessels now added to the Assets under Management are considerably more efficient and economical than the average of the comparable global fleet.
The four container ships, each with a capacity of 3,800 standard containers (TEU), were acquired by MPC Container Ships (MPCC), which was established by MPC Capital in 2017. MPC Capital holds a 14% cornerstone shareholding in MPCC as part of its co-investment strategy. Attractive medium-term charter agreements were secured for the vessels. This further increases the visibility and hence sustainability of recurring revenues and profits for MPC Capital.
Dr. Philipp Lauenstein, CFO of MPC Capital AG: “This portfolio of four highly efficient container vessels is a perfect addition to our recurring management business within our maritime infrastructure platform. It contributes to our key objectives of expanding our assets under management and further growing our recurring revenue base.”
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022 4347
e-mail: s.zenker@mpc-capital.com
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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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