The following release was published by MPC Container Ships:
MPC Container Ships (“MPCC” or the “Company”) is pleased to announce a company update, including a series of strategic initiatives to modernize its fleet and strengthen its long-term earnings visibility. The Company has placed a USD 228 million order for four 4,500 TEU container vessels with secured 3-year charters, divested older non-strategic tonnage and expanded its financing platform with new debt facilities totaling over USD 100 million, plus accordion option.
Newbuilding order for four 4,500 TEU container vessels
- MPCC has signed contracts for four 4,500 TEU container vessels with Chinese shipyard Taizhou Sanfu Ship Engineering, with deliveries scheduled from the second half of 2027.
- The total investment amounts to USD 228 million and the Company holds several options for additional vessels, offering future scalability in line with market opportunities.
- Each vessel has been fixed on a 3-year time charter with a leading global liner company, expected to generate approximately USD 140 million in revenue and contribute around USD 100 million in EBITDA over the contracted charter period.
- The new vessels will feature the latest energy-efficient technologies and have ~50% lower slot costs compared to many peer vessels currently in operation. The vessels will be dual-fuel ready, enabling future conversion to ammonia or methanol, aligning with global maritime decarbonization goals.
- This investment further reinforces MPCC’s transition toward a younger, more efficient, and environmentally compliant fleet, reducing exposure to regulatory and environmental risk.
- The project will be financed through a balanced mix of equity and debt, ensuring flexibility and a prudent capital structure.
Source: MPC Container Ships