MPC acquires feeder boxship from Soundview

MPC acquires feeder boxship from Soundview

Highly active German owner MPC Capital has brought another secondhand containership. According to broking sources, MPC has acquired the 1,118 teu Shippan Island from US owner Soundview Maritime for $5.5m.

In April, MPC Capital launched a new company MPC Container Ships with a focus on small-size container ships between 1,000 and 3,000 teu. The company has raised $100m in funds through a private placement and intends to list the shares on a stock exchange later this year.

MPC said the first signs of a recovery are currently being seen in the container shipping market and the company has already secured an initial fleet of what it described as attractive assets.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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