MPCC Continues Fleet Renewal with Newbuild Orders, Long-Term Charters, Portfolio Optimization and Expands Financing Universe
Norway, July 18 -- MPC Container Ships ("MPCC") 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 a...
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