MPC Container Ships (MPCC)

Weekly Update: Container Shipping Stock Highlights

The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions, geopolitical conflicts, and disruptions in global trade distribution have significantly affected the industry.

Below are the weekly stock highlights of the container shipping sector:

SITC International Holdings Co Ltd (1308)

SITC International Holdings exhibited mild fluctuations, starting at HKD 18.52 and peaking mid-week at HKD...

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

Weekly Update: Stock Performance of Container Shipping Sector

The container shipping industry continues to navigate a complex and ever-evolving landscape, shaped by shifting economic conditions, geopolitical tensions, and supply chain disruptions. Over the past week, stock prices across major shipping companies have reflected a mix of resilience and volatility, influenced by factors ranging from Red Sea security threats to fluctuating global trade demand.

As freight rates remain elevated and rerouted shipping lanes reshape the industry’s cost structures,...

https://container-news.com/weekly-update-stock-performance-of-container-shipping-sector/

Post-pandemic peak sees frenzied ship buying in 2024

Mainline operators, led by MSC, were very active in buying second-hand container ships in 2024, as freight rates reached levels not seen since the Covid-19 pandemic, according to Alphaliner’s report.

MSC purchased 70 vessels, ranging from 1,300 to 14,700 TEUs for a total of 330,000 TEUs, representing a third of all the ships sold. In November 2024, the Swiss-Italian operator hit the symbolic threshold of 400 second-hand container vessel acquisitions since August 2020, when the shipping company...

https://container-news.com/post-pandemic-peak-sees-frenzied-ship-buying-in-2024/

MPCC, Unifeeder partner on dual-fuel methanol boxship construction

MPC Container Ships (MPCC) has entered into joint retrofit agreements with various charter customers. Under these agreements, both the charterer and MPCC will share the costs of retrofit investments followed by an extension of the vessels’ time-charter contracts.

“This collaborative effort reduces open charter positions, increases contract coverage for 2024 and beyond and enhances the overall efficiency of the fleet,” said MPCC in its announcement.

In an initiative, MPCC has partnered with...

https://container-news.com/mpcc-unifeeder-partner-on-dual-fuel-methanol-boxship-construction/

WFW advises MPC Container Ships on US$200 million vessel sales and acquisitions

Watson Farley Williams (WFW) has advised Norway-based shipping company MPC Container Ships (MPCC) on strategic vessel acquisitions and sales worth around US$200 million.

These transactions include disposing of the 2,800 TEU container ships Cimbria and Cardonia for US$42.5 million and the 4,200 TEU AS Emma (2010) for US$22 million. In return, MPCC acquired the 2,200 TEU Queen Esther and four 1,750 TEU boxships, London Trader, Trieste Trader, Madrid Trader and B Trader, from Britain’s Lomar...

https://container-news.com/wfw-advises-mpc-container-ships-on-us200-million-vessel-sales-and-acquisitions/

MPC Container Ships sells one, buys two boxships

The Norwegian vessel owner MPC Container Ships (MPCC) and its joint venture partner have agreed to sell the 2,800 TEU container ship AS Carinthia, built in 2003, ahead of the vessel’s 20-year class renewal scheduled for the first quarter of 2023, for US$7.6 million.

The vessel was purchased in 2017 for US$5.2 million and has since earned US$11.2 million in free cash flow from operations. Upon completion of the sale, MPCC has reduced the number of joint venture vessels from eight to two since the...

https://container-news.com/mpc-container-ships-sells-one-buys-two-boxships/

MPC Container Ships orders two carbon-neutral 1,300 TEU vessels for US$78 million

MPC Container Ships (MPCC) has contracted two carbon-neutral 1,300 TEU newbuildings at Chinese-based shipyard Taizhou Sanfu Ship Engineering.

The delivery of the vessels is expected in the second half of 2024. The two boxships will be equipped with a dual fuel engine setup that enables operation on methanol as well as conventional MGO.

MPCC said that the two container ships come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a...

https://container-news.com/mpc-container-ships-orders-two-carbon-neutral-1300-teu-vessels-for-us78-million/

Norwegian box carrier to acquire Songa Container

The Norwegian shipping company, MPC Container Ships (MPCC) has entered into a share purchase agreement to acquire Songa Container for an aggregate purchase price of US$210.25 million on a debt and cash free basis.

With this move, MPCC will add Songa’s 11 container vessels to its fleet, reaching a total of 75 ships and an overall capacity of approximately 158,000TEU. The average size of Songa’s fleet is 2,250TEU and the average age is 11.9 years, while nine of them are fitted with scrubbers while...

https://container-news.com/norwegian-container-carrier-to-acquire-songa-container/