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Portfolio

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Sector

Transport and Logistics

Location

Nordics

Entry date

December 2017

Exit date

N/A

Fund

STAR III

Status

Current


Overview

In December 2017, STAR acquired a cornerstone shareholding in MPC Container Ships AS (“MPCC”), an Oslo based shipping company.

MPCC acquires and operates Feeder container vessels between 1,000 and 3,000 TEU. These vessels are essential for the growing intra-regional trade. Second-hand Feeder vessels are trading near all-time lows and at large discounts to newbuild parity prices. This has enabled MPCC to create a sizeable fleet at attractive prices with some of the lowest cash operating costs in the industry.

The business aims to build a large fleet of ships that are highly competitive both on quality and cost leadership, and to act as a strategic partner to charterers.

At the time of STAR’s investment, MPCC was registered on the Merkur Market in Oslo, Norway. The company has subsequently been uplisted onto the main board of the Oslo stock exchange which STAR believes will provide a sensible path for further growth and potential international listing options in the future.

mpc-container.com

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Contact

Map

Map

STAR Capital Partnership LLP

15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom

Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com

Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity.  Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.