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a joint venture, upsizing its existing revolving credit facility as well as a
vessel sale.
Newbuilding order for six 3,700 TEU container vessels
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 5 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 trade lanes as markets evolve. The vessels are prepared for
alternative fuels and advanced emissions-reduction technologies, providing a
design that can adapt to tightening environmental rules over the lifetime of
the ships.
With a total investment of USD 292.5 million, the initial charter period is
expected to generate approximately USD 479 million in revenue and around USD
288 million in EBITDA. The project will be financed through a balanced mix of
equity and debt, ensuring financial flexibility and maintaining a prudent
capital structure.
MPCC and Uthalden establish joint venture
MPCC is pleased to announce a newly established 50/50 joint venture with
Uthalden AS (âUthaldenâ). The JV will own two 4,500 TEU newbuildings that are
currently wholly owned by MPCC and will be on charter to a top 5 liner
company.
The establishment of this joint venture will free up committed capital and
optimize the companyâs investment capacity, while partnering with an
experienced shipping investor. It is expected that the joint venture will
finance the majority of the purchase price of the vessels through moderate
leverage.
Upsized and optimized revolving credit facility (âRCFâ)
In addition to the aforementioned measures, MPCC has upsized its existing
undrawn RCF to USD 130 million with maturity in 2030 as well as reduced the
applicable margin.
The optimized facility will strengthen MPCC s balance sheet flexibility and
provide additional capital to support potential future acquisitions.
The overall balance sheet remains conservatively structured with low leverage,
while more than 50% of the assets remain debt free.
Sale of AS CLEMENTINA
In line with its fleet modernization, MPCC has agreed to sell AS Clementina, a
vessel approaching the 20-year class renewal in 2026, at an attractive price
of USD 24 million. Handover is expected to take place after expiry of the
current charter, towards the end of Q2 26. The implied NAV is 34 NOK per
share.
â2025 has proven to be a transformational year for MPCCâ, said Constantin
Baack, CEO of MPCC. âWith yet another newbuilding order against a long-term
charter with a top-tier counterpart, we have in total 17 state-of-the-art
newbuildings on order with deliveries from 2026 and onwards. These measures
strengthen our strategic partnerships, enhance earnings visibility, and
reinforce our commitment to long-term value creation. As a result, our
contracted backlog now exceeds USD 2 billion, providing exceptional visibility
and positioning MPCC for sustainable growth and resilience in the years ahead.
I am also pleased that we have further advanced on additional portfolio and
financing initiatives, including teaming up with Uthalden, a trusted partner
we have successfully worked with in the past.â
For more information, contact:
ir@mpc-container.com
About MPC Container Ships:
MPC Container Ships ASA (ticker code âMPCCâ) is a leading container tonnage
provider focusing on small to mid-size container ships. Its main activity is
to own and operate a portfolio of container ships serving intra-regional trade
lanes on fixed-rate charters. The Company is registered and has its business
office in Oslo, Norway. For more information, please visit
www.mpc-container.com.
Forward-looking statements:
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Companyâs plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts.
These statements are made based upon managementâs current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in
the forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the
risks described from time to time in the Companyâs regulatory filings and
periodical reporting. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the date
on which such statement is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not possible for the
Company to predict all of these factors. Further, the Company cannot assess
the impact of each such factor on its business or the extent to which any
factor, or combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement.
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2025-12-16 07:00
CET.
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