Mitsubishi Corporation has announced the creation of the MC Seamax Shipping Opportunities Fund focused on investments in container shipping.

The fund has closed with total capital commitments of $300 million from institutional investors in North America, Europe and Japan, including MC's commitment of $50 million, according to the company statement.

Mitsubishi says the fund has been created to

generate a stable income through buying and leasing container vessels to major shipping lines. It currently has a portfolio of six container ships with a total capacity of over 45,000 TEUs on time charters to the world's leading liner companies.

MC-Seamax Management Limited, a joint venture between MC Asset Management Holdings and Seamax Partners, will manage the private equity fund.

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