German owner Oltmann Group is launching a new fund against a newbuilding MPP.

The EUR 8.7m ($10m) scheme offers a return of 8.2%.

The ship is the second in a series of four 5,000-dwt vessels being built in China by Briese Schiffahrts, Oltmann said.

The 90-metre vessel is capable of transporting large, bulky and heavy cargoes.