Norway’s containership owner MPC Container Ships ASA has completed its acquisition of compatriot ship owner and operator Songa Container AS. The post MPC Container Ships closes Songa acquisition…
https://www.offshore-energy.biz/mpc-container-ships-closes-songa-container-acquisition/
Norwegian containership owner MPC Container Ships ASA (MPCC) has entered into a three-year revolving credit facility agreement with U.S.-based financial holding company CIT Group at attractive…
https://www.offshore-energy.biz/mpc-container-ships-secures-70-million-revolving-credit-facility/
Norwegian containership owner MPC Container Ships ASA has entered into a share purchase agreement […] The post MPC Container Ships to acquire Songa Container in $210m deal appeared first on…
https://www.offshore-energy.biz/mpc-container-ships-to-acquire-songa-container-in-210m-deal/
MSC is the quickest carrier to take advantage of the depressed charter market, agreeing to snap up eleven 8,000-8,800 teu utility vessels on long-term charters at discounted rates.
The charters, to cover a demand uptick, have been agreed at daily hire rates of less than half the $29,000 fixtures made prior to the pandemic.
“MSC is used to embarking on fixing campaigns when charter markets reach a low. This time is no …
The post MSC quick off the mark in 11-vessel raid on depressed charter market
https://theloadstar.com/msc-quick-off-the-mark-in-11-vessel-raid-on-depressed-charter-market/
Ocean carrier optimism is being driven by higher freight rates and cheaper fuel – but tumbling charter hire costs are proving to be the icing on their cake.
According to a recent Alphaliner report, containership daily hire rates have slumped by up to 50% since the coronavirus pandemic wrecked global demand and led container lines to off-hire surplus tonnage and decline extension options.
“Tonnage providers are looking at a bleak near-term future, …
The post Harsh reversal of fortune for...
https://theloadstar.com/harsh-reversal-of-fortune-for-containership-owners-as-charter-rates-tumble/
Oslo-listed feeder owner and operator MPC Container Ships is looking to amend the terms […] The post MPC Container Ships voices bankruptcy fears as it plots $15 million cash-raising to fight…
Oslo-listed feedership owner MPC Container Ships (MPCC) has posted a net loss of $10.7m for the first quarter and warned investors of its exposure to “significantly reduced charter rates”.
CEO Constantin Baack said that, but for its capital expenditure and off-hire deductions related to scrubber retrofits on ten vessels, Q1 should have seen the shipowner move into the black for the first time since its 2017 formation.
And he said MPCC had been …
The post Gloomy outlook for MPCC as feeder market...
https://theloadstar.com/gloomy-outlook-for-mpcc-as-feeder-market-collapses-and-charter-rates-plunge/
The idle containership fleet has soared to 225 vessels, 1.32m teu, but more than 60% of the inactive capacity is due to scrubber retrofitting ahead of the IMO 2020 regulations.
Based on consultant Alphaliner’s latest data, there are 83 ships, with a total capacity of 839,130 teu, either undergoing scrubber retrofits or at anchor awaiting their turn at shipyards.
Containership owners and ocean carriers are increasingly concerned at the time vessels are …
The post Shipowners and carriers count the...
https://theloadstar.com/shipowners-and-carriers-count-the-cost-of-scrubber-retrofit-snarl-up/
MPC Container Ships completes scrubber retrofitting and commissioning for the first three of its vessels.
The companies committed to comply with the new IMO 2020 maritime sulphur regulations.
https://worldmaritimenews.com/archives/283211/mpc-container-ships-ahrenkiel-join-trident-alliance/