Cork-based Mainport shipping secures multi-million euro investment from MML

The deal will see MML become a significant minority shareholder in the Company alongside Irish Mainport Holdings

The funds will initially support the purchase of the newbuild survey support vessel, the Mainport Edge for around €16m.

Cork-based marine services firm, Irish Mainport Holdings has agreed a multi-million euro equity investment from MML Growth Capital Partners Ireland into Mainport Shipping Limited.

Founded in 1957, Mainport Shipping is a marine services business that charters support vessels to geo-data specialists across the international offshore energy sector. It also provides towage services across various ports within the Shannon Estuary.