Company

About us

MPC Container Ships AS’ 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 was formed in April 2017. It is registered and has its business office in Oslo, Norway. MPC Container Ships AS is registered on the Merkur Market (Oslo, Norway) as of 31 May 2017 with ticker code “MPCC-ME”.

Company presentation 11/2017

Focus

The Management of MPC Container Ships AS has been active in the shipping industry for decades. Specifically looking at the market dynamics for the container feeder segment and analyzing supply and demand patterns in intra-regional trades, a favorable development in the near to mid-term occurs in this sector. Additionally, asset values are historically low, protected by high recycling prices.

Management

Constantin Baack, Managing Director

Constantin Baack (born 1979) studied business administration at the University of Hamburg and the University of Sydney and received a Graduate Diploma and a Master of Science in international business from the University of Sydney. Prior to joining the MPC Group he worked for the shipping company Hamburg Süd in Sydney and the auditing company Ernst & Young in Hamburg and Shanghai. Constantin Baack joined the MPC Group in April 2008 and since then held various managerial positions in Germany and abroad, including Head of Shipping of the MPC Group and managing director of Ahrenkiel Steamship. He was appointed as the CFO of MPC Capital AG in April 2015.


Board

Board of Directors

Ulf Holländer, Chairman 

Dr. Axel Schroeder, Director

Robert Knapp, Director

Darren Maupin, Director

Dr. Ottmar Gast, Director

fleet

Built 2007
Yard Zhejiang Yangfan, China
TEU 966
Reefer plugs 326
DWT 11,850
Gear Geared
Built 2008
Yard Zhejiang Yangfan, China
TEU 966
Reefer plugs 326
DWT 11,850
Gear Geared
Built 2008
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,298
Gear Geared
Built 2008
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,550
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,236
Gear Geared
Built 2003
Yard Peene-Werft, Gemany
TEU 1,200
Reefer plugs 150
DWT 16,422
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,296
Reefer plugs 390
DWT 18,270
Gear Geared
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,278
Gear Geared
Built 2009
Yard Jiangsu Yangzijang
TEU 1,345
Reefer plugs 449
DWT 17,350
Gear Geared
Built 2007
Yard Aker MTW Werft GmbH
TEU 2,127
Reefer plugs 400
DWT 30,607
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.556
Reefer plugs 600
DWT 34,567
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.566
Reefer plugs 600
DWT 34,287
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.556
Reefer plugs 600
DWT 34,314
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2,566
Reefer plugs 600
DWT 34,282
Gear Geared
Built 2006
Yard Aker MTW Werft, Germany
TEU 2,742
Reefer plugs 400
DWT 37,937
Gear Gearless
Built 2006
Yard STX Shipbuilding, South Korea
TEU 2,846
Reefer plugs 586
DWT 38,608
Gear Gearless
Built 2006
Yard Aker MTW Werft, Germany
TEU 2,742
Reefer plugs 400
DWT 37,929
Gear Gearless
Built 2005
Yard Aker MTW Werft, Germany
TEU 2,741
Reefer plugs 400
DWT 37,883
Gear Gearless
Built 2002
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,358
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless

News

Contemplated private placement

MPC Container Ships AS ("MPCC" or the "Company") has retained DNB Markets, part of DNB Bank ASA, and Fearnley Securities AS (the "Managers") to assist the Company with a private placement of new shares with gross proceeds of USD 150-200 million (the "Private Placement").

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

 

22 November 2017 - MPCC-ME: Contemplated private placement

 

MPC Container Ships AS ("MPCC" or the "Company") has retained DNB Markets, part of DNB Bank ASA, and Fearnley Securities AS (the "Managers") to assist the Company with a private placement of new shares with gross proceeds of USD 150-200 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus or registration requirements. The Company has been informed by the Managers that the contemplated minimum amount is covered within a price range of NOK 47-49.

 

The subscription price will be determined based on an accelerated book building process.

 

The net proceeds from the Private Placement will be used to pursue future investments in container vessels and general corporate purposes. The Company is in the final stages of acquiring a significant number of feeder container ships.

 

The application period for the Private Placement will commence today, 22 November 2017 at 09:00 CET and close on 23 November 2017 at 08:00 CET (the "Application Period"). The Company may, at its own discretion, extend or shorten the Application Period at any time and for any reason. The minimum order in the Private Placement has been set to the number of shares that equals an aggregate purchase price of the NOK equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from the prospectus requirement pursuant to the Norwegian Securities Trading Act are available.

 

The allocation of offer shares in the Private Placement will be made at the discretion of the Company's Board of Directors in consultation with the Managers. Completion of the Private Placement is subject to (i) approval by the Board of Directors of the Company of the subscription price and the allocation of the offer shares following the end of the application period and (ii) approval by an extraordinary general meeting of the Company. The extraordinary general meeting is expected to be held on or about 4 December 2017.

 

The new shares to be issued under the Private Placement will be listed on Merkur Market as soon as practically possible after registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 8 December 2017. In connection with the Private Placement the Board of Directors of the Company has resolved to set aside the pre-emptive rights of the existing shareholders. The Board of Directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

 

For further queries, please contact:

Constantin Baack, Managing Director, e-mail: ir@mpc-container.com

 

About MPC Container Ships AS:

MPC Container Ships AS (ticker code “MPCC-ME”) 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.

 

Important Notice:

This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company.

 

Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in the United States. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan or South Africa or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of Australian, Canadian, Japanese, South African or United States securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in Australia, Canada, Japan, South Africa or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

 

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any securities laws of any state or other jurisdiction of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law. There will be no public offer of the securities in the United States.

 

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

 

This announcement is an advertisement and does not constitute a prospectus for the purposes of Directive 2003/71/EC (as amended, together with any applicable implementing measures in any Member State, the "Prospectus Directive"). In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. Matters discussed in this announcement may constitute forward- looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

 

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

 

The Managers are acting exclusively for the Company and no one else in connection with the Private Placement and assume no responsibility for this announcement. Neither the Managers or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of announcement or its contents or otherwise arising in connection therewith.

 

This information is subject of the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act, and pursuant to the Continuing obligations of companies admitted to trading on Merkur Market issued by the Oslo Stock Exchange.

Vessel acquisition

Oslo, 2 November 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into an agreement to acquire “HS Liszt” (tbn "AS Filippa").

Oslo, 2 November 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into an agreement to acquire “HS Liszt” (tbn "AS Filippa"), a 1,350 TEU vessel built in 2008. The vessel has been acquired at a price of USD 6.2m.

 

Takeover of the vessel is expected in November 2017, expanding the total fleet of the Company to 26 vessels. The vessel will be operated in a 1,300 TEU high reefer pool.

 

Further information and contact:

MPC Container Ships AS

Managing Director

Constantin Baack

Email: ir@mpc-container.com

Vessel Acquisition

Oslo, 27 October 2017 - MPC Container Ships AS (the "Company") is pleased to announce two vessel acquisitions.

Oslo, 27 October 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has acquired a 2,564 TEU vessel (tbn "AS Petulia") built in 2008, and a 1,200 TEU vessel (tbn “AS Frida”) built in 2003. Physical takeover of the vessels is expected in November 2017. This brings the fleet of the Company to 25 vessels.

The total investment volume for the two vessels is USD 18.4m. 


Further information and contact

MPC Container Ships AS
Managing Director
Constantin Baack
Email: 
ir@mpc-container.com

MPC Container Ships AS Reports H1 2017 Results

Oslo, 15 September 2017 - MPC Container Ships AS (together with its subsidiaries the “Group”) today published its interim financial report for the period ended 30 June 2017:

Oslo, 15 September 2017 - MPC Container Ships AS (together with its subsidiaries the “Group”) today published its interim financial report for the period ended 30 June 2017:

  • Time charter revenues in H1 2017 were USD 1.2 million.
  • Gross profit from vessel operations was USD 0.1 million and operating cash flow was USD 0.5 million.
  • The Group reports a loss before taxes (EBT) of USD -0.4 million for H1 2017.

MPC Container Ship AS is in the start-up phase of its operation and the present financial performance of the Group is impacted by initial costs and limited charter activity. By 30 June 2017, the Group operated 12 container vessels, whereof 7 are fully consolidated and 5 are operated in a joint venture.

Financial Report H1 2017


Further information and contact:

MPC Container Ships AS
Managing Director
Constantin Baack
Email: ir@mpc-container.com


About MPC Container Ships AS:

MPC Container Ships AS was formed in April 2017 and is listed on the Merkur Market at Oslo Stock Exchange with ticker code “MPCC-ME”. The Group´s principal activity is the ownership and operation of container ships with a focus on the feeder segment.

 

Successful placement of new senior secured bond issue

Reference is made to the press release dated 7 September 2017. MPC Container Ships Invest B.V., a wholly owned subsidiary of MPC Container Ships AS, has today successfully completed the issuance of a new senior secured bond issue of USD 100 million.

Reference is made to the press release dated 7 September 2017. MPC Container Ships Invest B.V., a wholly owned subsidiary of MPC Container Ships AS, has today successfully completed the issuance of a new senior secured bond issue of USD 100 million. The bond issue has a 5 year tenor, carries a floating interest rate of 3m LIBOR + 4.75% and has a borrowing limit of USD 200 million. The bond issue received strong demand and was oversubscribed.

 

The net proceeds from the bond issue will be used to finance acquisitions of additional container vessels and for general corporate purposes.

 

DNB Markets and Fearnley Securities acted as joint lead managers for the bond issue.

 

Further information and contact: ir@mpc-container.com

Contemplated bond issue

Oslo, 7 September 2017 - MPC Container Ships AS (MPCC-ME), through its fully owned subsidiary MPC Container Ships Invest B.V., is contemplating the issuance of a new 5-year senior secured bond issue of USD 100 million. 

MPC Container Ships AS (MPCC-ME), through its fully owned subsidiary MPC Container Ships Invest B.V., is contemplating the issuance of a new 5-year senior secured bond issue of USD 100 million.

 

The net proceeds from the contemplated bond issue will be used for acquisition of additional container vessels and general corporate purposes.

 

DNB Markets and Fearnley Securities have been retained as joint lead managers for the contemplated transaction.

MPC Container Ships: ir@mpc-container.com

DNB Markets: +47 24 16 90 30

Fearnley Securities: +47 22 93 63 65


Fixed income investor meetings

Oslo, 4 September 2017 - MPC Container Ships AS has mandated DNB Markets and Fearnley Securities to arrange a series of fixed income investor meetings.

Oslo, 4 September 2017 - MPC Container Ships AS has mandated DNB Markets and Fearnley Securities to arrange a series of fixed income investor meetings. Following the investor meetings, a 5-year USD denominated senior secured bond issue may follow, subject to, inter alia,  market conditions.

 

For questions, please contact:

 

MPC Container Ships: ir@mpc-container.com

DNB Markets: +47 24 16 90 30

Fearnley Securities: +47 22 93 63 65

Investor Relations

Listing

MPC Container Ships AS is registered on the Oslo Børs' Merkur Market with ticker code “MPCC-ME”. The Company has issued 35,003,000 common shares each with a par value NOK 10.00, all of which are registered in VPS with ISIN code NO 001 0791353. 

Calendar

30.11.2017        Quarterly Report - Q3 2017

 

Analysts

The Company’s stock is covered by:

Fearnley Securities 
Analyst: Espen L. Fjermestad
Email: e.fjermestad@fearnleys.no
Phone: +47 2293 6484

Contact

General

Registered / visiting address

MPC Container Ships AS

Dronning Mauds gate 3

0250 Oslo, Norway

  

Post address

MPC Container Ships AS
P.O. Box 1251 Vika
0111 Oslo, Norway

contact@mpc-container.com