Hamburg shipping asset manager MPC Capital has logged a "significantly lower" profit in the third quarter.

Earnings before tax were EUR 0.1m ($0.11m) , against EUR 1.3m in the same period of 2017.

Revenue was up 18% at EUR 10.5m.

Boxship owner MPC said that, in contrast to previous years, no significant revival in transaction activity is expected in the final quarter of 2018.