MPC Container Ships Expands Fleet and Charter Deals

MPC Container Ships ASA (MPZZF) has released an update.

MPC Container Ships ASA bolsters its fleet with the purchase of two 3,500 TEU vessels and secures a significant charter agreement for a total of 10 ships, promising enhanced earnings visibility and a stronger competitive stance. The acquired vessels, set for delivery in Q3 2024 with a 36-month charter, are expected to yield revenues covering their purchase and contribute to a backlog increase of USD 155-195 million. These strategic moves are anticipated to boost the company’s revenue, cover 90% of the open days for 2024, and affirm its robust market position.

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