• 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.




2020 May 30

16:23 APL England master faces charges over shipping container loss
15:27 Xeneta Container Rates alert: continued global uncertainty hits rates, but worst fears yet to be realised
14:32 EC approves €600 million Finnish guarantee scheme to support maritime companies affected by the coronavirus outbreak
13:12 Bollinger Quick Repair takes delivery of new dry-dock “Mr. Eddie”
11:47 Sanmar and Svitzer deliver power and performance to Port of Sohar
10:58 Coast Guard Cutter James seizes 3,350 lbs of marijuana off Central American

2020 May 29

18:36 Port of Marseille Fos to constuct a new international ferry terminal
18:20 Sea Port of Saint-Petersburg boosts its infrastructure investments by 40%
18:06 PIL starts a new India Service - China India Express (CIX)
17:51 Petrotrans takes delivery of lead ship of Project RSD59
17:36 Rolls-Royce seals major contract covering complete MTU propulsion systems for Royal Navy Type 31 frigates
17:14 United Shipbuilding Corporation developed its own cargo ship design
17:06 ECSA welcomes TRAN opinion on future EU-UK partnership and urges rapid advancement of the talks in view of the looming deadline
16:15 Port Authorities pledging support to keep ports open during COVID-19 more than doubles within a month
15:52 Market of seaborne cargo transportation for wind farms is stable and expected to grow
15:46 Viking Line starts a passenger service from June 1
15:05 KiwiRail orders two new ferries
14:49 Admiral Makarov University introduced new GMDSS simulator class
14:05 Bollinger Shipyards delivers the USCGC MYRTLE HAZARD to the U.S. Coast Guard
13:41 Smart Delta Resources launches project to substantially reduce CO2 emissions in Scheldt-Delta region
13:09 Record engine powers world’s largest containership
12:48 Large amphibious ships of RF Navy's Black Sea Fleet conducted comprehensive exercise in sea training ground
12:30 Navigation season opens on Upper Lena and Lower Lena rivers
12:09 Global shipping body addresses the health concerns of seafarers during the COVID-19 pandemic
11:26 Vimpel Shipyard launches coast guard boat Lamantin of river-going design
11:03 LNG STS bunkering – ‚First-off‘ operations in France, Germany and Norway
10:28 Oil prices fall by over $1
10:09 DP World joins with TradeLens to digitize global supply chains
09:53 Bunker prices are stable at the port of Saint-Petersburg, Russia
09:35 Baltic Dry Index on May 28
09:20 Konecranes to deliver third mobile harbor crane to South Australia
09:17 MABUX: Bunker market this morning, May 29
08:46 CMA CGM announces FAK rates from Asia to North Africa, Mediterranean and North Europe

2020 May 28

18:37 CMA CGM ends ESS from North Europe, Scandinavia & Poland to West Med, East Med, Adriatic & North Africa
18:07 PortXchange results in shorter idle times on departure at APM Terminals Rotterdam
17:24 Independent Container Line starts new service from Cork to USA
17:20 Antwerp@C investigates potential for halving CO2 emissions in Port of Antwerp by 2030
16:49 Nevsky Shipyard launches lead ferry of Project PV22, Admiral Gennady Nevelskoy
16:17 Finland's new Water Traffic Act enters into force in June
16:05 Lubrizol joins the Getting to Zero Coalition
15:56 Wärtsilä high-efficiency propulsion solutions selected for special high-speed ferry
15:46 ABP keeps Britain trading in the safest way possible
15:02 Bunker prices show no considerable changes at the Far East ports of Russia (graph)
14:38 Bunkering tanker intended for Baikal lake delivered to the customer
14:00 WinGD wins type approval for biggest and most powerful ever dual-fuel engines
13:00 Gasum partners up with the sustainable transport solution provider company Samskip
12:30 More Konecranes BOXHUNTER RTGs to Vietnam
12:00 Konecranes and Fluidmesh join forces to deliver world-first 100% wireless Automated Rubber Tired Gantry crane system
11:30 EPS and Equinor set sights on a trio of newbuild LPG dual-fuel vessels
11:09 Boskalis awarded two dredging contracts in Finland
10:51 Oil prices continue going down
10:30 DNV GL releases first ever traceability standard for reclaimed plastic
10:09 Port of Stockholm announces arrival of the first container ship at Norvik Port
09:44 CMA CGM announces Overweight Surcharge (OWS) from Asia to North Europe
09:37 Baltic Dry Index on May 27
09:19 Rosmorport released young trout into Ladoga lake
08:54 MABUX: Bunker market this morning, May 28

2020 May 27

18:36 Nexans wins major subsea HVDC cable contract from Greece's Ariadne Interconnection S.P.S.A
18:06 The lock gate of the Pierre Vandammelock at the port of Port of Zeebrugge gets decoupled and transported to the inner harbour for renovation works
17:36 Sales of “Honesty” - device to measure the level of liquid in tanks - exceeds 1,000 units