MPC Container Ships orders new vessels, secures long-term charters

MPC Container Ships has announced an order for two 1,600 TEU container vessels from Fujian Mawei Shipyard, scheduled for delivery in the second half of 2027. The total investment for these newbuilds is $66m, with options for additional vessels. Each vessel is secured by an eight-year time charter, plus a two-year optional period, with a leading global liner company.

These charters are expected to generate approximately $92m in revenue and contribute around $54m in EBITDA over the contracted period, providing substantial earnings visibility and derisking for MPCC. The vessels feature a fuel-efficient design optimized for Northern Europe trade, aiming for best-in-class environmental performance and supporting MPCC's transition to a modern, environmentally compliant fleet.

The project will be financed through a balanced mix of equity and debt and is anticipated to be accretive to both earnings per share (EPS) and dividends per share (DPS) upon delivery. Co-chief executive Constantin Baack highlighted the move as part of a long-term fleet renewal strategy, reinforcing strategic partnerships and supporting disciplined growth.