MPC Capital hit with write-down from container markets

Germany's MPC Capital shouldered a €2.5m ($2.9m) hit from container shipping markets in the first half of the year.

But the weak performance of its container business was largely compensated by a stronger tanker market, the asset manager said.

The Hamburg-based company revealed an impairment on shares held indirectly in Oslo-listed MPC Container Ships (MPCC) in the first half of the year.