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 01/2018

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 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 2003
Yard Peene-Werft, Gemany
TEU 1,200
Reefer plugs 150
DWT 16,421
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 2008
Yard Xiamen Shipbuilding Industry Co Ltd
TEU 2,564
Reefer plugs 342
DWT 34,221
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

Extraordinary General Meeting

Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS (the "Company") will be held on 16 January 2018 at 12.00 hours (CET) at the offices of the Company at Dronning Mauds gate 3, 0250 Oslo, Norway.

 

Notice is hereby served that an extraordinary general meeting of MPC Container Ships AS (the "Company") will be held on 16 January 2018 at 12.00 hours (CET) at the offices of the Company at Dronning Mauds gate 3, 0250 Oslo, Norway.

 

Agenda:

1. Election of a chairperson and a person to co-sign the minutes

2. Approval of the notice and the agenda

3. Conversion of the Company to a public limited liability company

4. Additional amendments of the Company's articles of association

5. Election of board members – discharge

6. Election of observer to the Board of Directors

7. Determination of the board remuneration for the financial year 2017

8. Determination of the board remuneration for the financial year 2018

9. Approval of authorization to the board to increase the Company's share capital

10. Approval of authorization to the board to take up convertible loans

 

Shareholders who will attend the general meeting (in person or by proxy) are requested to notify the Company of this by sending the attached attendance form to MPC Container Ships AS, Postbox 1251 Vika, N-0111 Oslo, Norway or by way of e-mail to ir@mpc-container.com no later than 15 January 2018, 10.00 hours (CET).

 

Shareholders may appoint a proxy to attend and vote on their behalf. In this case a written and dated proxy must be provided. The enclosed proxy form may be used.

Convening Notice

 

Inquiries may be addressed to ir@mpc-container.com.

Vessel Acquisitions

Oslo, 20 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Annika” and “Antigoni”, two 987 and 1,049 TEU vessels built in 2008 at Daesun Shipbuilding, South Korea.

Oslo, 20 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Annika” and “Antigoni”, two 987 and 1,049 TEU vessels built in 2008 at Daesun Shipbuilding, South Korea. The total purchase price for the two vessels is USD 16.1m.

 

Physical takeover of the vessels is expected to take place in January 2018, lifting the fleet of the Company to 41 vessels.

 

Further information and contact:

MPC Container Ships AS

Managing Director

Constantin Baack

Email: ir@mpc-container.com

Share capital registered

Oslo, 11 December 2017 - Reference is made to the announcement on 23 November 2017 by MPC Container Ships AS (the "Company") regarding the successful completion of the private placement of 30,250,000 new shares (the "Private Placement") and the Company's extraordinary general meeting held on 4 December 2017 which approved the share capital increase relating to the issuance of the new shares in 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.

MPCC-ME – Share capital registered

Oslo, 11 December 2017 - Reference is made to the announcement on 23 November 2017 by MPC Container Ships AS (the "Company") regarding the successful completion of the private placement of 30,250,000 new shares (the "Private Placement") and the Company's extraordinary general meeting held on 4 December 2017 which approved the share capital increase relating to the issuance of the new shares in the Private Placement.

 

The share capital increase has now been registered with the Norwegian Register of Business Enterprises.

 

The Company's new share capital is NOK 652,530,000 divided into 65,253,000 shares, each with a nominal value of NOK 10.00.

 

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as managers for the Private Placement.

 

 

For further information, 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.

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 Acquisitions

Oslo, 11 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Vilana” (tbn “AS Cleopatra”), “Cap Pasado” (tbn “AS Christiania”) and “Cap Blanche” (tbn “AS Carlotta”).

Oslo, 11 December 2017 - MPC Container Ships AS (the "Company") is pleased to announce that it has entered into agreements to acquire “Vilana” (tbn “AS Cleopatra”), “Cap Pasado” (tbn “AS Christiania”) and “Cap Blanche” (tbn “AS Carlotta”), three 2,742 TEU vessels built in 2006 at Aker MTW Werft, Germany. The total purchase price for the three vessels is USD 31.9m.

 

Physical takeover of the vessels is expected to take place before year end, lifting the fleet of the Company to 39 vessels.

 

Further information and contact:

MPC Container Ships AS

Managing Director

Constantin Baack

Email: ir@mpc-container.com

Extraordinary General Meeting

An extraordinary general meeting of MPC Container Ships AS was held on 4 December 2017 at Grev Wedels plass 9, 0151 Oslo, Norway.

Oslo, 4 December 2017 - An extraordinary general meeting of MPC Container Ships AS was held on 4 December 2017 at Grev Wedels plass 9, 0151 Oslo, Norway. The general meeting adopted all resolutions on the agenda, in particular the issuance of 30.25 million new shares pursuant to the private placement announced on 23 November 2017. The minutes of the general meeting are attached to this release. Further information and contact: ir@mpc-container.com

MPC Container Ships AS Reports Q3 2017 Results

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

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

  • Total revenues in Q3 2017 were USD 7.0 million, compared to USD 1.2 million in Q2 2017.

  • Gross profit from vessel operations was USD 1.0 million (Q2 2017: USD 0.2 million) and an operating cash flow of USD 1.1 million was realized in the third quarter of 2017 (Q2 2017: USD 0.5 million).

  • The Group reports a profit before taxes (EBT) of USD 0.2 million for Q3 2017 (Q2 2017: USD -0.4 million).


MPC Container Ship AS is in the start-up phase of its operation and the present financial performance of the Group has to be put into perspective accordingly. By 30 September 2017, the Group operated 22 feeder container vessels, whereof 17 are fully consolidated and 5 are operated in a joint venture.

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 (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.

MPC Container Ships AS announces fleet acquisition

Oslo, 24 November 2017 - MPC Container Ships AS (the “Company”) has today entered into a commitment to acquire a fleet of feeder container vessels with a total purchase price of USD 130 million.

Oslo, 24 November 2017 - MPC Container Ships AS (the “Company”) has today entered into a commitment to acquire a fleet of feeder container vessels with a total purchase price of USD 130 million.

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.

 

Investor Relations

Reports


MPC Container Ships AS

Financial Report Q2_2017

Financial Report Q3_2017


MPC Container Ships Invest B.V.

Financial Report Q3_2017

Listing

MPC Container Ships AS is registered on the Oslo Børs' Merkur Market with ticker code “MPCC-ME”. The Company has issued 65,253,000 common shares each with a par value NOK 10.00, all of which are registered in VPS with ISIN code NO 001 0791353. 

Calendar

30.03.2018         Annual Report

25.04.2018         Annual General Meeting

31.05.2018         Quarterly Report - Q1

31.08.2018         Half-yearly Report

30.11.2018         Quarterly Report - Q3

 

Analysts

The Company’s stock is covered by:

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

DNB Markets
Analyst: Nicolay Dyvik
Email: nicolay.dyvik@dnb.no
Phone: +47 24 16 91 87

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