MPC Container Ships closes in on more feeders

MPC Container Ships closes in on more feeders

MPC Container Ships, the fast growing feeder specialist set up by Germany’s MPC Capital, is building up further funds for more vessel acquisitions.

Having just raised $100m earlier this week via a tap issue, MPC Container Ships has retained DNB Markets, a part of DNB Bank, and Fearnley Securities to assist the company with a private placement of new shares with gross proceeds of up to $75m.

Net proceeds, MPC Container Ships said, would go on more boxships as well as working capital and general corporate purposes with the company revealing it is in the final stages of acquiring a number of feeder container ships.

MPC Container Ships picked up another three vessels with the acquisition of three 2,800 teu boxships at the end of last month, taking its fleet to 44 ships, nearly half way to its stated goal of a 100-strong fleet.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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