MPC Container Ships expects second-half scrubber boost to charter rates after posting interim loss

An IMO 2020-driven recovery in time charter rates for container tonnage has only recently filtered through to the smallest sized segment according to feeder ship owner MPC Container Ships.
This Oslo-listed shipowner posted second-quarter results revealing a net loss of $4.4m for a total loss of $9.6m in the first six months of the year.
The negative result came from a total revenue of $58m in the first half, earned from MPC’s …

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MPC sees ‘significant upside’ for scrubber-linked charters

Owners of feeder vessels are set to benefit from “market disruption” ahead of IMO 2020, with a “significant upside” on charter rates for ships fitted with exhaust gas cleaning systems (scrubbers).
Speaking during the MPC Container Ships Q3 earnings call, chief executive Constantin Baack said the company had concluded “favourable” long-term charters for six ships due to be fitted with scrubbers, and was talking with a number of other container lines about …

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MPC eyes expansion into wider markets with purchase of bigger box ships

Emerging feedership owner MPC Capital has bought three secondhand panamax container vessels as it looks to expand into larger box ship markets.
The combined price tag for the vessels was $42m, acquired on behalf of an “international investor”.
MPC said the deal meant it was shifting its focus to larger container vessels, as well as moving into bulker and tanker vessel ownership.
“Following the successful launch of MPC Container Ships  last year, focusing on …

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