Shipping Stock Market: Weekly Update

The container shipping sector continues to navigate a dynamic landscape shaped by shifting freight rates, global economic conditions, and supply chain developments. Investor sentiment remains mixed as companies balance operational efficiency with market volatility. While some firms benefit from stable long-term charters, others face pressure from fluctuating spot rates and macroeconomic uncertainties. The ongoing adjustments in capacity management, fuel costs, and geopolitical factors further...

https://container-news.com/shipping-stock-market-weekly-update/

Panagiotidis-led Castor Maritime buys MPC Capital

Thalvora Holdings GmbH, a subsidiary of Castor Maritime Inc. and led by Greek businessman Petros Panagiotidis, has acquired a 74.09% stake in MPC Capital, a global investment and asset manager for infrastructure projects and the mother company of the Norwegian vessel owner MPC Container Ships.

The price was set at €7 (around US$7.3) per share.

Constantin Baack, CEO of MPC Capital AG, commented: “MPC Capital has made remarkable progress over the recent years, establishing itself as a profitable...

https://container-news.com/panagiotidis-led-castor-maritime-buys-mpc-capital/

HMM follows MSC and CMA CGM, turning to pre-owned boxships

High charter costs have made HMM join two giant ocean carriers MSC and CMA CGM in buying elderly secondhand feeder ships.

HMM’s spokesperson told Container News that the company is currently in discussions to buy three 2005-built feeder ships. These are MPC Container Ships’ 2,500 TEU AS Paola and Regional Container Lines’ 2,400 TEU Wanda Bhum and Xutra Bhum.

HMM’s spokesperson said, “HMM actively seeks fleet expansion and diversification possibilities. We are considering second-hand boxships for...

https://container-news.com/hmm-follows-msc-and-cma-cgm-turning-to-pre-owned-boxships/

MPC Container Ships acquires two 3,500TEU vessels, secures new charter

Norway’s MPC Container Ships (MPCC) has confirmed the acquisition of two 3,500TEU vessels and a charter agreement package for a total of 10 vessels. The charter also includes the two new acquisitions. The acquisition consists of two 3,500 TEU vessels at a total price of US$47.25 million. The...

https://www.bairdmaritime.com/shipping/boxships/mpc-container-ships-acquires-two-3500teu-vessels-secures-new-charter/

Container Vessel News Roundup | June 14 – Singaporean, Norwegian and Dutch newbuilds, new Russian design and Taiwanese six-ship order

New container vessels have been delivered to owners in the Netherlands, Norway, and Singapore. A Taiwanese company orders six methanol-ready 2,400TEU ships. Finally, a Russian design firm unveils a new concept vessel that can also transport dry cargo. X-Press Feeders takes delivery of 7,000TEU newbuild from Chinese yard Singapore shipping company X-Press Feeders has taken […]

The post Container Vessel News Roundup | June 14 – Singaporean, Norwegian and Dutch newbuilds, new Russian design and...

https://www.bairdmaritime.com/shipping/boxships/container-vessel-news-roundup-june-14-singaporean-norwegian-and-dutch-newbuilds-new-russian-design-and-taiwanese-six-ship-order/

MPC Capital doubles shareholding in MPC Container Ships

German asset and investment manager MPC Münchmeyer Petersen Capital AG (MPC Capital) has increased its shareholding in Oslo-listed MPC Container Ships ASA (MPCC) from around 7% to around 14%.

The transaction is carried out by way of increasing MPC Capital’s shareholding in MPC CSI GmbH (MPC CSI), which was established in 2017 as a joint investment vehicle for the IPO of MPCC under the leadership of MPC Capital and MPC Münchmeyer Petersen & Co. GmbH, the founder and largest shareholder of MPC...

https://container-news.com/mpc-capital-doubles-shareholding-in-mpc-container-ships/

Unifeeder inks agreement for two additional methanol-powered vessels

Danish shipping company the Unifeeder Group, a company under UAE-based DP World, has entered into a long-term charter agreement for two additional methanol-capable container feeder vessels. This follows an earlier agreement for two initial vessels announced in October 2023. The latest agreement is in partnership with German-based shipowning group Elbdeich Reederei and Norwegian shipowner MPC […]

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https://www.bairdmaritime.com/ship-world/boxship-world/unifeeder-inks-agreement-for-two-additional-methanol-powered-vessels/