OTC-BB:MPZZF

MPCC orders two carbon-neutral 1,300 TEU newbuildings in partnership with industrial group Elkem and North Sea Container Line

Retrieved on: 
Monday, July 4, 2022

The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.

Key Points: 
  • The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.
  • The transaction will provide earnings visibility into 2040 supporting MPCC's distribution policy, with no negative impact on expected distributions in 2022/2023.
  • About MPC Container Ships ASA:
    MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider with a focus on small to mid-size containerships.
  • Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters.

MPCC orders two carbon-neutral 1,300 TEU newbuildings in partnership with industrial group Elkem and North Sea Container Line

Retrieved on: 
Monday, July 4, 2022

The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.

Key Points: 
  • The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.
  • The transaction will provide earnings visibility into 2040 supporting MPCC's distribution policy, with no negative impact on expected distributions in 2022/2023.
  • About MPC Container Ships ASA:
    MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider with a focus on small to mid-size containerships.
  • Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters.