DGAP-News

MPC Capital further expands commitment to the decarbonization of the shipping industry

DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Miscellaneous MPC Capital further expands commitment to the decarbonization of the shipping industry 05.07.2022 / 08:00 The issuer is solely responsible for the content of this announcement. Press Release

MPC Capital further expands commitment to the decarbonization of the shipping industry

• Two container newbuildings 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

Hamburg, 5 July 2022 - Hamburg-based asset and investment manager MPC Capital has initiated a project to build two new container ships powered by climate neutral (“green”) methanol. The project was developed in cooperation with the Norwegian Wilhelmsen group and is part of a series of activities by MPC Capital to decarbonize the maritime sector.

The vessels have a total investment volume of USD 78 million and a capacity of 1,300 standard containers (TEU) each. With their modern design and the most advanced propulsion technology based on green methanol, the vessels are among the first container ships to already comply with all the measures launched by the International Maritime Organization (IMO) to reduce emissions in shipping. The two ships are being built in China - with key technologies from Europe - and are scheduled for delivery in 2024.

Both vessels are chartered for 15 years to Norwegian shipping company NCL, the cargo provider of Elkem, an industrial group also based in Norway. Elkem is one of the world's most environmentally friendly manufacturers of silicon-based materials and is listed with the highest EcoVadis sustainability rating "Platinum".

The methanol for the ships is to be produced in a largely CO2-neutral manner in Norway and other regions. Together with the partners NCL and Elkem, the goal is to establish the first "green corridor" in Northern Europe, enabling climate-neutral freight transport from shipper to recipient.