MPC Capital in $400m sale of eight KG boxships

German asset manager MPC Capital is lining up the sale of eight 8,500-teu containerships in a deal worth nearly $400m.

The Hamburg-based, Schroeder-family controlled asset manager is close to offloading a series of M-Star vessels to interests associated with Maersk Line.

Investors in the KG (limited partnership)-owned vessels are expected to approve the deal, described by MPC as “one of the most successful shipping investments in recent years”.

Ships