Oslo, Norway -- 14 November, 2025 - MPC Container Ships ASA ("MPCC" or the
"Company") has entered into contracts with Jiangsu Hantong Ship Heavy Industry
Co. Ltd. in China for the construction of four 4,500 TEU container vessels,
scheduled for delivery starting first half of 2028. The contract price per
vessel is USD 58m and the agreement includes options for two additional
vessels at the same price. Each vessel will operate under a 10-year time
charter, with extension options, for a leading global liner company. The
vessel design and commercial structure were optimized collaboratively with the
charterer to ensure an optimal fit for their network, operational profile, and
long-term sustainability objectives.
The initial charter period is expected to generate approximately USD 375
million in revenue and around USD 242 million in EBITDA.
The vessels will feature advanced energy-efficient technologies, reducing slot
costs by about 50% compared to similar-sized peers. This investment supports
MPCC's ongoing transition to a younger, more efficient, and environmentally
compliant fleet, reducing exposure to regulatory and environmental risks.
The project will be financed through a balanced mix of equity and debt,
ensuring financial flexibility and maintaining a prudent capital structure.
"Our fleet renewal strategy continues to gain momentum with this latest
initiative," said Constantin Baack, CEO of MPCC. "I would like to thank the
teams on both sides for the constructive dialogue and the trustful cooperation
over the past months, which has been essential in bringing this project to
fruition. With today's announcement, MPCC has secured 10 newbuildings with
attached charters this year, underscoring our ability to deliver
value-accretive deals with top-tier partners and strengthen strategic customer
relationships -- while reinforcing our commitment to long-term shareholder
value."
For further information and Q&A, please join the Q3 2025 Earnings call at
15:00 CET on 27 November, 2025.
https://channel.royalcast.com/landingpage/hegnarmedia/20251127_4/
For more information, contact:
ir@mpc-container.com
About MPC Container Ships:
MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage
provider focusing on small to mid-size container ships. Its main activity is
to own and operate a portfolio of container ships serving intra-regional trade
lanes on fixed-rate charters. The Company is registered and has its business
office in Oslo, Norway. For more information, please visit
www.mpc-container.com.
Forward-looking statements:
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts.
These statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in
the forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the
risks described from time to time in the Company's regulatory filings and
periodical reporting. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the date
on which such statement is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not possible for the
Company to predict all of these factors. Further, the Company cannot assess
the impact of each such factor on its business or the extent to which any
factor, or combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement.
This information has been submitted pursuant to the Securities Trading Act ยง
5-12 and MAR Article 17. The information was submitted for publication at
2025-11-14 12:30 CET.