MPC OSE Offshore secures long-term funding for offshore vessels
The new vessels are currently under construction, with deliveries scheduled for 2026–2027
(Source: MPC OSE Offshore)
Hamburg-based MPC OSE Offshore, a joint venture between MPC Capital and O.S. Energy, an offshore wind vessel operator, has secured twelve-year funding for a fleet of offshore survey and support vessels (OSSV) due for delivery later this year and next.
The company, backed by Paris-based asset management firm Eurazeo as lead investor, has negotiated a conservative capital structure made up of predelivery finance and a first-priority mortgage loan secured across the OSSV fleet. The capital structure is based on leverage of approximately 50% per vessel.
The funding was arranged in close cooperation with Ostfriesische Volksbank with additional support from a German cooperative banking consortium. The Export and Investment Fund of Denmark, EIFO, provided a buyer credit guarantee as the first three vessels are under construction at Esbjerg Shipyard.
Commenting on the deal, Felix Nölke, managing director for Maritime Investments at MPC Capital and MPC OSE Offshore, said: “This financing represents another important milestone for our offshore investment strategy. The conservative leverage profile, long-term tenor and support from Danish EIFO provide a resilient financial foundation for the OSSV fleet and underline the attractiveness of the platform for long-term investors.”
Ostfriesische Volksbank board member, Guido Mülder, commented: “We are pleased to support MPC Capital and MPC OSE Offshore with this financing. The transaction combines a well-structured credit profile, high-quality assets and an experienced sponsor. The involvement of EIFO further strengthens the risk framework and reflects the strategic relevance of the project.”
Jens Hestbech, director Large Corporates at EIFO, said: “EIFO’s participation highlights the importance of Danish shipbuilding and maritime exports in the offshore segment. By providing a credit guarantee for this project, we support the international competitiveness of Danish yards while contributing to a sound risk-sharing framework for long-term industrial investments.”
The high-spec vessels will have highly efficient propulsion systems ensuring low-carbon operation and will be suitable for a wide range of applications throughout the lifecycle of offshore wind farms and other offshore applications.
