Mpc News

Norwegian shipowner MPC Container Ships (MPCC) has signed a $55 million pre and post-delivery ECA covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings.The vessels are scheduled for delivery towards the end of 2024 and are secured by 15-year time charter agreements with North Sea Container Line (NCL). The loan matures in 2036, according to MPCC.Chinese-based shipyard Taizhou Sanfu Ship Engineering is in charge of the construction…

Unifeeder Group announced it has completed a long-term charter agreement for two additional methanol-capable container feeder vessels. This follows the agreement for two initial vessels announced in October 2023. The latest agreement is in partnership with German-based ship owning group Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC), who are responsible for one vessel each. The 1,250 twenty-foot equivalent unit (TEU) vessels, scheduled for delivery in 2026…

MPC Container Ships (MPCC) on Monday announced plans to retrofit several of its ships and build one new vessel as part of its ongoing fleet renewal and decarbonization strategy.The Norwegian shipowner said it has entered into joint retrofit agreements with various charter customers, under which both the charterer and MPCC will share the costs of retrofit investments followed by an extension of the vessels time-charter contracts. MPCC also said it has partnered with Denmark-based Unifeeder in a joint investment for the construction of a 1,250 TEU dual-fuel methanol newbuilding.

Turkish specialized ship manager Chemfleet has confirmed it would equip three more ships with an in-service Berg Propulsion upgrade after verifying 10% fuel savings with chemical tanker trials.According to Chemfleet, an in-service Berg Propulsion upgrade to control systems onboard the tanker YM Miranda yielded fuel savings of around 10%.Trials following the installation of Berg MPC800M control system onboard the 12,933 dwt IMO II chemical tanker have persuaded Chemfleet to upgrade three additional 6…

Wilhelmsen Ship Management and MPC Capital jointly acquire 100 % of Zeaborn Ship ManagementWilhelmsen Ship Management (Wilhelmsen) and MPC Capital have agreed to acquire 100% of the company Zeaborn Ship Management, which the acquiring companis position as the next milestone in the partnership between MPC Capital and Wilhelmsen and their ship management joint venture Wilhelmsen Ahrenkiel Ship Management and tanker specialist Barber Ship Management.Zeaborn manages a fleet of around 100 vessels…

Erik Thun Group selected Berg Propulsion’s Dynamic Drive technology to optimize efficiency on board all 10 of its latest newbuildings. The Swedish owner confirmed its decision after pilot installations exceeded energy efficiency gain expectations, with the integrated drive solution helping to save 10% of fuel, rising to 20% in some operational conditions.As part of Erik Thun’s rolling fleet renewal strategy, the owner recently expanded its newbuild program with Dutch yard Shipsveerf Ferus Smit B.V to include four 5…

The Silk Alliance continues to grow with the addition of Yara Clean Ammonia, the Methanol Institute, MPC Container Ships and the NUS Centre for Maritime Studies.The new partners join following the signing of a Memorandum of Understanding (MoU) between the Maritime and Port Authority of Singapore (MPA) and Lloyd’s Register (LR) Maritime Decarbonisation Hub for the Silk Alliance as they plan to support the proposed project aimed at the decarbonisation of a regional shipping corridor centred on the container trades.The Silk Alliance is focused on a regional fleet…

With the world’s largest sovereign wealth fund, Norway’s financial muscle is beyond question. Howev-er, at a corporate level, the country’s capital markets offer a range of benefits to overseas companies seeking equity, debt … or both. Øivind Amundsen is CEO of Oslo Børs and, as you would expect, a strong advocate of the Norwegian capital as a place to raise money for marine-related projects. The diverse nature of the companies which are listed on the Børs, part of Europe’s largest stock exchange group…

Oslo-based shipping company MPC Container Ships ASA on Thursday announced it has appointed Moritz Fuhrmann as Chief Financial Officer (CFO) from December 1, 2022. Fuhrmann will succeed the current CFO, Dr. Benjamin Pfeifer, who has resigned his position to pursue new opportunities.Fuhrmann joins the company from London-based Hayfin Capital Management LLP, where he has served as Principal in the maritime team. Prior to that, he has worked for DVB Bank in Germany and the Netherlands…

Berlin-based zero44 signed a partnership with MPC Container Ships, which will use zero44's digital CO2 management solution for its fleet.Spun off by company builder Flagship Founders in May 2022, zero44 has developed a CO2 management software for commercial vessels. The software focuses on the implications of the CII and the EU ETS regulation.

Norwegian shipowner MPC Container Ships has contracted two carbon-neutral 1,300 TEU newbuildings at Chinese-based shipyard Taizhou Sanfu Ship Engineering for delivery in the second half of 2024.The vessels come with a dual fuel engine setup which enables operation on methanol as well as conventional MGO.The company said the order woul allow it to "take a significant leap forward in its commitment to use carbon-neutral solutions in regional container trades together with strong partners."The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from variou

Israeli shipping company ZIM Integrated Shipping Services (NYSE: ZIM) on Wednesday announced a new charter transaction with a group of investors initiated by MPC Capital AG, according to which ZIM will charter a total of up to six 5,500 TEU wide beam newbuild vessels for a period of seven years and total charter hire consideration of approximately up to $600 million.The vessels will be constructed at Korean-based shipyard, HJ Shipbuilding & Construction (formerly known as Hanjin Heavy Industries & Construction Co.) and are scheduled to be delivered between May 2023 and February 2024.

Wilhelmsen Ship Management signed a deal to acquire a majority stake in Hamburg-based Ahrenkiel Tankers, resulting in Wilhelmsen Ship Management taking over the management of five tankers and gaining 80% ownership of Ahrenkiel Tankers. The remaining 20% is held by existing owners MPC Capital Group. Ahrenkiel Tankers will be rebranded as Barber Ship Management.It marks the first step by Wilhelmsen Ship Management after its earlier decision to re-enter the tanker segment following a decade-long absence…

MPC Container Ships ASA announce on Tuesday that it has completed its acquisition of Songa Container AS.MPC announced in June that it had entered the share purchase agreement to acquire 100% of Songa shares for $210.25 million on a debt and cash free basis.Constantin Baack, CEO of MPC Container Ships, said, "It is with great pleasure we announce the successful closing of this milestone transaction. Charter rates have continued to rise since the signing of the agreement, improving the risk-reward dynamics of the transaction even further. This transaction will have an immediate accretive impact on our earnings in a surging container market. Our growing fleet reinforces our industry leading position as an intra-regional trade tonnage provider.

Container ship opertor MPC Container Ships has entered into a $70 million three-year revolving credit facility agreement with CIT Group. The company said the loan had attractive terms.MPC Container Ships,  registered in Oslo, Norway, said it had already made an initial drawdown of $40 million to refinance existing debt, and the rest would be used for vessel upgrades and other general purposes."As a consequence, the previous term loans with Beal Bank and CIT have been repaid in full. Further drawdowns under the facility will strengthen the free liquidity and may be used for vessel upgrades, investments or general corporate purposes," MPC Container Ships said.MPC Container Ships CEO Constantin Baack said: "Having secured significant charter backlog…

MPC Container Ships ASA (MPCC) announced it has reached a deal to acquire fellow Norwegian-based container shipping company Songa Container AS for $210.25 million on a debt and cash free basis. The transaction is expected to be completed by the end of July 2021.Upon closing, MPCC will acquire Songa’s fleet of 11 container vessels, with an average size of 2,250 TEU and an average age of 11.9 years , creating a combined fleet of 75 ships and a total capacity of roughly 158,000 TEU. Nine of the acquired ships are fitted with scrubbers while three are equipped with the highest ice-class.Constantin Baack, MPC Container Ships CEO, said, “This…

Two topics – ballast water management systems and digitalization – have dominated the maritime industry this century. Alfa Laval helps meld the two, and MPC Container Ships ASA (MPCC) lead the way. The Oslo-listed company owns and operates 65 container vessels, 15 of which are equipped with connected Alfa Laval PureBallast 3 ballast water treatment systems.In the last 12 months MPCC has installed PureBallast 3 ballast water treatment systems with PureBallast Connect, and now the company is coming back for more…

Wilhelmsen Ship Management, a provider of third-party ship management services headquartered in Singapore, and the Hamburg-based asset and investment manager MPC Capital AG have agreed to combine their activities in the technical management of containerships. To this end, Wilhelmsen Ship Management acquires a 50% stake in Ahrenkiel Steamship GmbH & Co KG, the technical containership manager within the MPC Capital Group.The joint venture will operate under the brand Wilhelmsen Ahrenkiel Ship Management.

Growth in global seaborne box trade is expected to remain largely constant in 2019, with Non-Mainlane trade being an important driver while Mainlane trades expected to expand only moderately, said Norway-based MPC Container Ships ASA.In particular, the pace of global manufacturing remains a cause for concern as growth rates in Europe and Asia have been disappointing, the owner and operator of container ships said in a stock exchange annoucement.Present year container trade is estimated to grow by about 3.6%, whereas Transpacific trades grow by 0.5%, Far East Europe trades with 2.0% North-South trades with 3.7%, Other East-West with 4.1% and Intra-Regional trades with 4.9%.Trade tariffs and the threat thereof will remain a key issue in 2019.

Container ship deliveries in H1 2019 reached a historically low level, while the newbuilding market was equally subdued, said MPC Container Ships ASA.Scrapping activity in the feeder segment remained at a comparable high level in Q2 2019 as in the previous quarter, the Norway-based shipping company said.Various economic and political circumstances had a dampening effect on global container trade, compelling analysts to lower their full-year growth forecasts. However, estimates for global container trade growth for FY 2019 ranges between 3% and 3.5% while growth in active container fleet capacity (fleet development less scrubber retrofits) is estimated to grow only 1.9%.Charter rates for container ships in the Post-Panamax segment began to rise in March this year.

Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance, a network of shipping companies and other stakeholders.CEO Constantin Baack said: "Joining the Trident Alliance allows us to align our company with an important network of like-minded industry peers, and support industry-wide calls for effective and transparent enforcement around the world."Trident Alliance is a coalition of shipping owners and operators who share a common interest in effective, transparent enforcement of global sulphur regulations for the benefit of the environment, human health and responsible businesses.Trident Alliance members contribute their reputations…

Norwegian shipowner MPC Container Ships, which provides feeder tonnage, has entered into a USD 40 million three-year revolving credit facility agreement.The deal was signed with New York-based CIT Group at “attractive terms”, MPC Container Ships said.Drawdowns under the facility may be used toward investments, vessel upgrades or general corporate purposes, it said.Constantin Baack, CEO of MPC Container Ships, said: "We are very satisfied with the cooperation demonstrated by CIT's Maritime Finance team and their support in further positioning MPC Container Ships as a leading tonnage provider within the feeder container space."Constantin added: "With the new credit facility…

German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg-based asset and investment manager informed that, Albis, led by Kim Moeller, operates a market-leading commercial platform for tankers of various sizes. Albis offers its customers tailor-made solutions for the chartering and operations of tankers.In addition to the technical ship manager Ahrenkiel Tankers, MPC Capital complements its range of services in the tanker segment by acquiring a shareholding in Albis. Following the recent merger between Contchart and Harper Petersen…