Blue Star Holding has secured the backing of German pension funds to round off a $90m containership project.
The Hamburg investment manager has acquired the 9,404-teu MSC Desiree (built 2017) in a deal that signals a new direction for German ship financing.
It involves a 15-year bareboat charter to leading liner operator Mediterranean Shipping Co (MSC).
German investors are providing 70% leverage for 15 years at a fixed rate.
