Mpc Container Ships Asa News

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.

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…

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…

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.

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…

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.

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.

London-based international law firm Watson Farley & Williams advised MPC Container Ships ASA (MPCC) on its acquisition of exhaust gas cleaning systems, also known as scrubbers, to be retrofitted on selected vessels in its fleet prior to 1 January 2020 when the IMO’s new 2020 rules come into force.A press release said that the deal, which will be financed with cash and available debt capacity on MPCC’s fleet, includes ten firm orders and options to purchase scrubber kits for 45 other vessels and allows for further installations in both 2019 and early 2020.WFW also advised MPCC on the planned conclusion of certain charter parties in the light of the retrofit of its fleet…

German's MPC Maritime Investments, a wholly-owned subsidiary of MPC Capital, has acquired three Panamax-sized container vessels on behalf of an international investor. The transaction volume amounted to USD 42 million.In the current year, MPC Maritime has procured a total of 9 single and multi-asset deals with an investment volume of more than USD 110 million. The focus of the newly acquired vessels is on bigger container ships, supplemented by bulkers and one tanker.The majority of the vessels are technically managed by Ahrenkiel Steamship and commercially managed by Contchart. Both companies are wholly-owned subsidiaries of MPC Capital AG, an internationally active asset and investment manager specialising in real asset investments.

MPC Container Ships ASA announced Thursday it has agreed to pay $13.86 million to acquire a 1,740 TEU containership built in 2012 at Guangzhou Wenchong Shipyard, China.The Norwegian based ship owner expects to take delivery of the vessel – to be renamed AS Selina – during the third quarter of 2018, bringing its fleet to 69 vessels.

Oslo based ship owner MPC Container Ships ASA said it has reached a deal to acquire SITC Makassar, a 2,496 TEU vessel built in 2006 in Germany.   The vessel, to be renamed AS Patricia, will be acquired for $9.9 million, including initial working capital.    The vessel will be taken over by the company’s 50/50 joint venture during April 2018.   “Despite observable increases in secondhand vessel prices, . . . the current price level still offers an attractive entry point for further acquisitions,” the company said in its 2017 Annual Report. “As such, the Group intends to further grow its fleet through accretive acquisitions in 2018.”

Oslo based MPC Container Ships ASA said it has reached a deal to acquire five feeder containerships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai for a total purchase price of $41.9 million in cash.    MPC said it will establish wholly-owned subsidiaries to take over the five vessels, which include Sima Pride (1,201 TEU, built 2004), Sima Perfect (1,221 TEU, built 2005), Sima Prestige (1,221 TEU, built 2005), Sima Sapphire (1,440 TEU, built 2006) and Sima Sadaf (1,440 TEU, built 2007).   Physical takeover is expected in the first half of 2018, lifting the MPC Container Ships fleet to 64 feeder units.   MPC Container Ships was formed in April 2017 and owns and operates a portfolio of containerships between 1,000 and 3,000 TEU.