A new containership asset-play vehicle backed by MPC Capital has raised $100m from investors as the hunt for growth capital switches to a fresh sector.

Newly founded MPC Container Ships is targeting vessels of between 1,000-teu and 3,000-teu at a time the first signs of a market recovery have been identified.

MPC Capital has put $25m of its own cash into the company that has set a 90-day investment window for new projects.