MPC Capital expands its portfolio and launches its first fund for the offshore market. The first project is six OSSV newbuildings.
MPC Capital is launching an investment platform for offshore service vessels. In a first step, six Offshore Survey and Service Vessels (OSSV) will be financed and built.
The entry into this segment is in line with the Hamburg-based asset manager’s corporate strategy of focusing on infrastructure projects in the maritime and energy sectors, which have high growth potential due to the global energy transition.
Offshore wind capacities in Europe are expected to increase by more than 20% annually until 2033. This will lead to a significant demand for modern vessels that support all phases of the offshore wind farm lifecycle – from survey and construction to maintenance and decommissioning.
“The demand for specialised, state-of-the-art service vessels will continue to grow dynamically, while supply is limited – this market imbalance opens up attractive opportunities for us and our partners,” says CEO Constantin Baack.
MPC Capital becomes co-investor in OSSV project
The six OSSVs with a total investment volume of €130m will be built by Esbjerg Shipyard in Denmark and are scheduled for delivery between 2026 and 2028. The highly efficient ships can be operated CO2-neutrally with their propulsion technology and meet the highest ESG standards.
The Hamburg-based company’s partner is O.S. Energy, a German specialist in offshore projects and services. The debt financing for the first ship, which is already under construction, is being provided by Ostfriesische Volksbank (OVB) in Leer. In addition, there is a cover note from a leading export credit agency (ECA).
MPC Capital will provide management services and also participate as a co-investor in the new investment platform. “With a strong pipeline of follow-up projects, we look forward to further expanding our newly created maritime offshore platform,” said Baack.
