MPC Container Ships raises more cash for acquisitions

MPC Container Ships raises more cash for acquisitions

Germany’s MPC Container Ships has raised a further $50m via a private placement, money it says will be used to acquire more ships.

Last month, MPC snapped up three vessels to take its container feeder fleet to 68 vessels and is well on track to reach its stated goal of over 100 ships.

This latest fundraiser comes as MPC reaches the final stages of concluding several new vessel acquisitions at what it claims to be attractive prices.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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