MPCC orders four new container ships with 10-year charters

MPC Container Ships ASA (MPCC) has ordered four 4,500 TEU container vessels from Jiangsu Hantong Ship Heavy Industry Co. Ltd. in China. Deliveries for these vessels will begin in the first half of 2028, each costing $58 million. The agreement also includes options for two additional vessels.

These newbuildings are secured with 10-year time charters, including extension options, with a leading global liner company. The initial charter period is projected to generate approximately $375 million in revenue and about $242 million in EBITDA.

The vessels will incorporate advanced energy-efficient technologies, aiming to reduce slot costs by around 50% compared to similar-sized peers. This investment supports MPCC's strategy to transition to a younger, more efficient, and environmentally compliant fleet. Financing will use a balanced mix of equity and debt.

Chief executive Constantin Baack highlighted that this brings MPCC's total newbuilding orders with attached charters to 10 for the year, underscoring the company's commitment to long-term shareholder value and strengthening customer relationships.