• 2019 May 17 16:40

    MPC Capital AG announces key figures for the 1st quarter 2019

    The Hamburg asset and investment manager MPC Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) generated revenues of EUR 10.0 million and an EBT of EUR 0.7 million in the first quarter of the 2019 financial year. The slight decline compared to the first quarter of 2018 (revenues: EUR 10.1 million, EBT: EUR 1.1 million) is primarily due to lower transaction activity in the first three months of the current financial year. This was almost completely offset by higher recurring revenues from asset management.

    Accordingly, revenues from Management Services rose from EUR 8.1 million in the previous year to EUR 8.9 million in the first quarter of 2019. The increase is mainly attributable to the expansion of the managed vessel fleet. At EUR 0.9 million, revenues from Transaction Services were still below the level of the prior-year quarter (EUR 2.0 million).

    Earnings before tax (EBT) amounted to EUR 0.7 million after the first three months (previous year: EUR 1.1 million). Higher personnel expenses due to the expansion of management capacities in the Shipping division were offset by lower other operating expenses. As a result, the cost base in the first quarter was unchanged from the previous year. Lower other operating income was offset by a significantly improved financial result from the co-investments of MPC Capital AG.

    The equity ratio improved to 81.8 % as of March 31, 2019 (December 31, 2018: 74.3 %). Cash and cash equivalents decreased to EUR 15.8 million (December 31, 2018: EUR 28.6 million), mainly due to the reduction of current liabilities.

    In the real estate sector, MPC Capital has laid the foundation for a health care real estate strategy with the acquisition of a portfolio of three medical centres in the Netherlands. The aim is to initially achieve an investment volume of around EUR 70 million. At the same time, MPC Capital is preparing the exit of an office portfolio in the Netherlands, in which MPC Capital will continue to manage the properties after the sale.

    In the shipping sector, the MPC Capital Group has expanded its range of services in the technical management of tankers. In addition, with the accession of a further partner, the operational platform for the technical management of bulk carriers was expanded under the management of MPC Capital. The merger is expected to take place at the end of the second quarter. The fleet managed by the joint venture will thus grow to 17 bulkers. In addition, MPC Capital was able to execute asset transactions in all three segments (tankers, bulk, containers) in the first quarter.

    MPC Capital's Renewables team is currently working to further expand the investment platform for renewable energy projects in the Caribbean. The financing agreements for the second asset of the MPC Clean Energy Fund, the wind power project "Tilawind" in Costa Rica, worth around USD 50 million were signed at the end of April.

    For the 2019 financial year, the Management Board continues to forecast a slight increase in sales and at least break-even earnings before taxes. A more dynamic development in new business, additional transactions and the exploitation of external market influences could have a positive effect on sales and earnings.

    MPC Capital AG is an international asset and investment manager for real asset investments. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its asset categories of focus are Real Estate, Shipping and Infrastructure. MPC Capital AG is listed on the stock exchange (MPCK) since 2000 and has around 300 employees group-wide.




2019 July 15

17:58 IAPH welcomes new Associate Member from Switzerland
17:33 NIBULON transported 3.5 million tonnes of cargoes by water transport
17:06 Hapag-Lloyd to introduce new Middle East-India-Africa Express Service
16:07 Desktop Just-In-Time trial yields positive results in cutting emissions
15:44 Prevention of marine pollution in South Asia discussed at regional workshop
15:15 Cargotec’s MacGregor receives clearance from the Chinese competition regulator for the acquisition of the marine and offshore businesses of TTS Group
14:56 Murmansk Sea Fishing Port handled 116,000 tonnes of cargo in 6M’2019, down 35.5% Y-o-Y
14:39 RS issues revised Rules for Classification and Construction of ships carrying liquefied gas
14:15 SEACOR Marine announces departure of Chief Operating Officer
13:53 Sever Bay Port terminal on Taimyr included into RF area planning scheme
13:32 MAN Energy Solutions, DSME and HSD Engine sign strategic agreement on engine digitization
13:01 CargoSmart announces GSBN Service Agreements with CMA CGM, COSCO SHIPPING LINES, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group
12:48 Average wholesale prices for М-100 HFO up to RUB 16,149 in RF spot market
12:30 ABS and MOL sign MOU to build up to 14 next generation gas carriers
12:14 DSME Smart Ship Solution approved by LR
11:52 Atomenergomash JSC and Aker Arctic Technology Inc sign memorandum of understanding
11:43 MEYER intensifies partnership with Stengel
11:27 SailGP partners with Port of Southampton to deliver Cowes SailGP Tech Area
11:01 Rashid Sharipov elected as Chairman of NCSP BoD
10:25 MABUX: Bunker market this morning, July 15
10:18 Brent Crude futures price is up 0.01% to $66.73, Light Sweet Crude – down 0.15% to $60.12
09:54 KN enhances portfolio of loaded oil products and rendered services
09:30 Throughput of port Shanghai (China) in Jan-June’19 declined by 2.1% to 272.29 million tonnes
09:13 Baltic Dry Index is up to 1,865 points

2019 July 14

16:09 USCG coordinates rescue of fishermen 1300 miles southwest of San Diego
15:22 Sanmar Shipyards strengthens its executive team
13:21 MOL sets conditions for issue of 'sustainability' bonds
12:11 SCHOTTEL and ULSTEIN with new cooperation to optimise ship operations with digital services
11:56 Navios Containers promotes Erifili Tsironi as CFO
10:55 2020 Bulkers Ltd. inks chartering agreements with Koch for three Newcastlemax dry bulk carriers

2019 July 13

15:19 Japanese fishing company convicted of obstruction of justice and falsifying records to cover up illegal oil and garbage pollution
13:52 HII completes flight deck on aircraft carrier John F. Kennedy
12:28 SHI wins orders for eco-friendly and highly efficient S-Max tankers
11:23 VT Halter Marine bags $2.9 million contract for U.S. Navy CMAMP program study

2019 July 12

18:19 Shantou China Merchants Port Group takes delivery of eight Kalmar empty container handlers
18:01 Safety of ships and fishing gets a boost in Ghana
17:44 IMO and FAO join efforts to reduce marine plastic litter from fishing vessels
17:26 Throughput of Russian seaports in 6M'2019 grew by 2.8% to 409.0 million tonnes of cargo (detalization)
17:03 SEA\LNG releases study showing benefits of LNG
16:42 North-Western Shipping Company carried 2.3 million tonnes of cargo in H1’19
16:25 Throughput of port Kaliningrad in Jan-June’2019 fell by 19% Y-o-Y to 5.82 million tonnes
16:03 Diana Shipping announces increase of purchase price and extension of tender offer for shares of common stock
15:24 Throughput of port Vysotsk in Jan-June'2019 climbed by 5% Y-o-Y to 9.44 million tonnes
15:03 Port of Long Beach cargo volume tops 677,000 TEUs in June 2019
14:31 Sredne-Nevsky Shipyard lays down yet another minesweeper of Project 12700
14:03 MOL schedules a major renovation of its operated cruise ship, the Nippon Maru
13:02 Höegh LNG executes 18 month interim LNGC timecharter with Cheniere for Höegh Galleon
12:52 NOVATEK’s hydrocarbon production totaled 296.1 million boe in H1’2019
12:00 Throughput of port Primorsk in Jan-June’2019 grew by 11% Y-o-Y to 29.83 million tonnes
11:23 Damen signs maintenance contract with Netherlands Ministry of Defence
11:01 Port of Ust-Luga handled 54.334 million tonnes in 6M’19, up 11% Y-o-Y
10:40 Throughput of Port St. Petersburg in 6M'2019 climbed by 1% Y-o-Y to 30.07 million tonnes
10:36 Belships to expand its fleet with 20th Ultramax newbuilding in 2021
09:54 Bunker prices are going up at the port of Saint-Petersburg, Russia (graph)
09:38 MABUX: Bunker market this morning, July 12
09:35 Brent Crude futures price is up 0.59% to $66.91, Light Sweet Crude – up 0.53% to $60.52
09:18 Baltic Dry Index is up to 1,816 points

2019 July 11

18:36 Denmark starts developing the new digital Register of Shipping
18:13 Naval Energies and Hitachi Zosen Corporation in floating wind energy agreement
18:06 Northwest Seaport Alliance breaks ground on $500M Terminal 5 modernization