MPC Capital Increases Its Dedication To Decarbonization

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  • Two containers of new buildings were ordered with propulsion technology based on green methanol
  • Development of the project in a consortium with the Norwegian Wilhelmsen Group
  • Creation of Northern Europe’s first “green corridor” for climate-neutral transport of goods based on a 15-year charter
  • Further alternative fuel projects in the pipeline

The construction of two new container ships using climate-neutral (“green”) methanol has been started by Hamburg-based asset and investment manager MPC Capital as reported by MPC.

Sustainability rating

The project, which is a part of a series of initiatives by MPC Capital to decarbonize the maritime industry, was created in collaboration with the Norwegian Wilhelmsen business.

The vessels have a total investment volume of USD 78 million and a capacity of 1,300 standard containers (TEU) each. The vessels are among the first container ships to already comply with all the standards put forward by the International Maritime Organization (IMO) to minimise emissions in transportation thanks to their cutting-edge design and innovative propulsion technology based on green methanol. The two ships will be delivered in 2024 and are being constructed in China with essential technologies from Europe.

Both ships are leased for a period of 15 years to Norwegian shipping company NCL, which delivers goods on behalf of the Norwegian industrial corporation Elkem. Elkem is one of the most environmentally responsible producers of silicon-based products in the world and is recognised with the “Platinum” EcoVadis sustainability rating.

Sustainable investments

The methanol for the ships will be made in Norway and other places in a mainly CO2-neutral manner. The objective is to create the first “green corridor” in Northern Europe with the partners NCL and Elkem, enabling climate-neutral freight transport from shipper to recipient.

“The global maritime infrastructure is facing significant challenges to stabilise supply chains on the one hand and to contribute to decarbonization in the transport sector on the other,” says Ulf Holländer, CEO of MPC Capital AG.

MPC Capital serves as a point of contact for investors wishing to make sustainable investments in the shipping industry, and in this capacity, we offer our commercial and technical marine knowledge. We consider ourselves to be in a prime position to actively impact the energy transition in the maritime sector thanks to solid partners like the Wilhelmsen Group.

In a cooperative venture with MPC Capital, the Wilhelmsen Group, and MPC Container Ships as the primary investor, the two vessels were ordered. The technical and financial management of the ships will be under the control of companies in the MPC Capital group.

 

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Source: MPC

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