Mpc Container Ships News

MPC Container Ships (MPCC) has entered into contracts with Taizhou Sanfu Ship Engineering in China for the construction of six 3,700 TEU container vessels scheduled for first delivery in second half of 2028.Each vessel will operate under a 10-year time charter, with extension options, to a top five liner company.The vessels are based on the newest design, which optimizes speed and fuel consumption for regional and feeder trades, while keeping enough flexibility to shift between…

MPC Container Ships (MPCC) has entered into contracts with Jiangsu Hantong Ship Heavy Industry in China for the construction of four 4,500 TEU container vessels, scheduled for delivery starting first half of 2028.The contract price per vessel is $58 million and the agreement includes options for two additional vessels at the same price.Each vessel will operate under a 10-year time charter, with extension options, for a leading global liner company.The vessel design and commercial structure were optimized collaboratively with the charterer to ensure an optimal fit for their network…

There’s an obvious fuel saving advantage, but partnering energy storage systems with new fuels brings other advantages too.There’s a new generation of vessels emerging which is exemplified by Grimaldi’s PCTC Grande Shanghai, claimed to reduce fuel consumption by 50% compared to previous-generation car carriers, and the NCL Vestland, a container feeder vessel similarly claimed to reduce energy consumption per TEU per nautical mile by 63%.What these vessels have in common is a propulsion system that combines energy storage systems and new fuels.As Henrik Helgesen…

Watson Farley & Williams (WFW) advised MPC Container Ships ASA (MPCC) on two transactions as part of the implementation of its fleet strategy.The first transaction was the order of four new 4,500 TEU container vessels from Chinese shipyard Taizhou Sanfu Ship Engineering for a total investment of $228m. The ships are scheduled for completion and delivery to MPCC in the second half of 2027.MPC has already signed three-year charter agreements with a leading global liner company for these newbuildings. The vessels are prepared for conversion to alternative fuels such as ammonia or methanol and will therefore contribute to the decarbonisation of maritime transport in the long term.In parallel, MPCC sold three older 1,300 TEU vessels with existing charter agreements for a total price of $31.5m.

Watson Farley & Williams (WFW) advised shipping company MPC Container Ships ASA (MPCC) on its sale of seven container ships for a transaction value of US$94 million. The disposal is part of MPCC's strategic development and the targeted restructuring of its fleet.MPCC has agreed to sell five ships en bloc to Contships Group, comprising three 1,300 TEU ships and two 2,000 TEU ships. In addition, two further ships have been sold to Seacon Group.Oslo-based MPCC is a leading container ship owner with a focus on small to medium-sized vessels.

As the shipping world prepares to descend on Oslo for Nor’ Shipping 2025, we take a look at the Norwegian fleet which is currently valued at USD 66.2 bn using VesselsValue data. The following charts highlight the Norwegian fleet breakdown by vessel type, top Norwegian companies, S&P transactions, and the breakdown of dual fuel orders by sector. Thanks to government-backed initiatives such as Enova, who offer financial support to facilitate the green transition, Norway is ahead of the game in sustainability when compared to the rest of the world.

MPC Container Ships (MPCC), in partnership with North Sea Container Line (NCL) and Elkem, have christened the NCL VESTLAND, the first of two dual-fuel 1,300 TEU newbuildings to be delivered in 2025The ceremony marks the start of the vessel’s service between Western, Central and Northern Norway and Rotterdam.The container feeder vessel is the first of two MPCC dual-fuel 1,300 TEU newbuildings to be delivered in 2025, and is also the first dual-fuel vessel in the MPCC fleet which enables operation on methanol.The vessels come with 15-year time charters to NCL…

MPC Container Ships (MPCC) has entered into an agreement to sell five vessels en bloc, involving three 1,300 TEU vessels and two 2,000 TEU vessels.Separately, two vessels were recently sold to an undisclosed buyer. The average age of the seven sold vessels is 17 years.The five vessels will be sold with the existing charters attached, which will reduce the revenue backlog by approximately $40 million, subject to the respective handover dates, of which $24 million relates to 2025.The vessels are sold to unrelated parties…

Norwegian shipowner MPC Container Ships (MPCC) has taken delivery of its first dual-fueled methanol container ship newbuilding from Chinese-based shipyard Taizhou Sanfu Ship Engineering.This is the first of the two dual-fuel methanol container ships up for delivery from the Chinese shipayrds, which are secured by 15-year time charter agreements with North Sea Container Line (NCL).The vessels feature dual-fuel engines that enable operation on green methanol, and according to MPCC, the methanol use will reduce the CO2 emissions from the vessels by up to 95%.“This innovative vessel embarks on a 1

MPC Container Ships (MPCC) has acquired two 3,500 TEU vessels and secured a charter agreement package for a total of 10 vessels, including the new acquisitions.The acquisition consists of two 3,500 TEU vessels at a total price of $47.25 million. The vessels are expected to be handed over from their current owner in the third quarter of 2024 and will be delivered into pre-agreed firm 36-month time charter contracts with a top-tier liner company.These vessels are anticipated to generate aggregate revenues of approximately $55 million over the charter period…

Unifeeder A/S and MPC Container Ships ASA (MPCC) announced a new collaboration to make joint investments into energy efficiency technology (EET), a partnership that will see the parties unite to increase decarbonization and efficiency in maritime transport.Under the agreement, Unifeeder and MPCC will jointly invest in efficiency-enhancing retrofits with advanced EET solutions. The investments will be shared between the charterer, Unifeeder, and MPCC. Subsequent cost savings resulting from these energy efficiency enhancements will also be shared between the two parties…

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.

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.

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…

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

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…

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 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.