We envision sustainable container shipping connecting the world's ports to serve people's needs
Guided by our values and our purpose to pursue conscious change in the container shipping industry, our mission is to seize opportunities to create long-term value and propel change in the maritime industry with our own capital, new ideas, analytical skills, and a broad network.
MPC Container Ships commenced operations in April 2017 and has since grown into one of the world's largest container tonnage providers. The Company owns and operates small- to mid-size container ships serving intra-regional trade lanes on fixed-rate charters. Intra-regional services support main trade lanes by connecting ports on intercontinental shipping lanes with one or more smaller ports. MPC Container Ships has been listed on the main list of the Oslo Stock Exchange since May 2018 with the ticker symbol “MPCC”.
The rapid growth of MPC Container Ships was accentuated by the strong support from the Company’s founding shareholder and sponsor, MPC Münchmeyer Petersen Capital AG (MPC Capital). The Hamburg-based and Frankfurt-listed real asset and investment manager founded MPC Container Ships based on the theory that container vessel values were at cyclically low levels and that attractive opportunities were present in the market, especially within the intra-regional segment.
MPC Container Ships’ vessels are chartered out on time-charter contracts to global liner shipping companies and regional carriers. Under such time-charter contracts, MPC Container Ships provides crewing and other services related to the vessel’s operation, while the charterer is responsible for voyage-related expenses, such as bunker costs and port fees.
The Company currently employs approximately 30 industry professionals and subject matter specialists covering all key functions and is responsible for the commercial and technical ship management of its vessels. Crewing and commercial- and technical ship management services are sub-contracted to third party ship managers, but MPC Container Ships remains responsible for the performance of these services. Sub-contractor performance is actively monitored and overseen by MPC Container Ships, in particular budget compliance and the technical maintenance of each vessel.