German asset manager MPC Capital is closer to selling assets worth EUR 800m ($891m), with vessels included in the advanced negotiations.

The Schroeder family-controlled company said talks are still ongoing, as it approved its first half accounts which revealed a profit of EUR 4.8m.

A spokesperson from MPC told TradeWinds the disposal of eight vessels in on the cards.

He added: “We assume that the transaction can be closed in the course of September.”

According