MPC Container Ships Refinances Debt
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…
Seaspan Orders Two 24,000 TEU Containerships
Seaspan Corporation announced it has placed an order with an unnamed "major" shipyard for two 24,000 TEU containerships, marking the Hong Kong-based shipowner's first ultra large vessels.The new ships are scheduled for delivery from the first quarter of 2023 and will enter 18-year charters with a global liner customer, Seaspan said,As of September 30, 2020, Seaspan’s global fleet consisted of 127 vessels and approximately 1,073,000 TEU. Additionally, in December 2020, Seaspan announced an agreement for five newbuild 12…
