Oslo, 17 September 2019 - MPC Container Ships ASA (the "Company") is pleased to
announce its enrolment in the Trident Alliance, a coalition of shipping owners
and operators who share a common interest in effective, transparent enforcement
of global sulphur regulations for the benefit of the environment, human health
and responsible businesses. Trident Alliance members contribute their
reputations, resources, access and competence to promote strategies that
contribute to the vision of robust enforcement.
CEO Constantin Baack comments in relation to the announcement: "Joining the
Trident Alliance allows us to align our company with an important network of
like-minded industry peers, and support industry-wide calls for effective and
transparent enforcement around the world."
As previously announced, the Company will take a balanced approach to the
sulphur oxide emissions regulation by way of operating 58 vessels on compliant
fuel while retrofitting a carefully selected 10 vessels with exhaust gas
cleaning systems ("scrubbers"). The Company is pleased to report that for the
first 3 vessels the scrubber retrofitting and commissioning has been
successfully completed. The retrofitting programme is scheduled to be completed
during H2 2019.
Furthermore, for 8 out of the 10 vessels that will be equipped with scrubbers,
the Company has concluded charter parties with major operators for periods of 2
-3 years at attractive base rates plus a savings sharing mechanism.
Please refer to the updated vessel employment overview made available on the
Fleet subpage of the Company's webpage.
Further information and contact:
ir@mpc-container.com
About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main
activity is to own and operate a portfolio of container ships with a focus on
the feeder segment between 1,000 and 3,000 TEU. The Company is registered and
has its business office in Oslo, Norway. For more information, please see our
webpage: www.mpc-container.com