MPC Container Ships Expands Fleet and Charter Deals
Company Announcements

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.

For further insights into MPZZF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskMPC Container Ships Upsizes Bond Issue Amid Strong Demand
TipRanks European Auto-Generated NewsdeskMPC Container Ships Bolsters Fleet and Earnings Outlook
TipRanks European Auto-Generated NewsdeskMPC Container Ships Explores Bond Issuance and Vessel Purchase
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App