India, July 18 -- MPC Container Ships ASA (MPZZF), a Norwegian owner and operator of container vessels, said on Friday that it has placed a $228 million order for four 4,500 TEU container vessels with secured 3-year charters.
Chinese shipyard Taizhou Sanfu Ship Engineering Co. Ltd. will supply these container vessels. The deliveries are scheduled to begin in the second half of 2027.
Each vessel has been fixed on a 3-year time charter with a global liner company, which is expected to generate around $140 million in revenue and around $100 million in EBITDA over the contracted charter period.
The project will be financed through a balanced mix of equity and debt to ensure flexibility and a prudent capital structure.
In addition, MPCC will...