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.