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XOSL (MPCC)

The leading provider of intra-regional container tonnage

USDbn
Revenue backlog
%
2026 coverage
Debt-free vessels
USDbn
Dividends paid

Multi-year earnings visibility

Our firm charter backlog provides substantial forward earnings visibility and cash flow stability. Built on fixed-rate time charters with leading global and regional liner customers, contract coverage stands at 99% for 2026, 74% for 2027 and 48% for 2028, supported by near-full fleet utilisation of 99.1%. This contracted revenue base is an important part of our equity story: predictable cash generation that funds both shareholder returns and disciplined reinvestment.

See our latest financial reports

Asset-backed, conservatively financed

MPCC's capital allocation principles are clear and rational, geared towards maximizing shareholder returns while mitigating risks. These principles guide our decisions in strategic investments, adopting a selective approach to ensure they align with our long-term vision and strategy. Hard vessel values provide tangible downside protection, and a robust balance sheet, with 30 debt-free vessels and a low ~30% leverage ratio, give MPCC the firepower to invest opportunistically, sustain shareholder returns, and move quickly when attractive opportunities arise.

See here for more about our debt and financing

Attractive Shareholder Returns

We maintain a commitment to distributing quarterly recurring dividends equal to 30-50% of the adjusted net profit for the period. Since the first dividend in February 2022, MPCC has declared 17 consecutive dividends and paid more than USD 1 billion in cumulative distributions.

Learn more about our share and Dividends

Differentiated positioning and proven execution

MPCC is a leading owner of small-to-mid size container vessels, a resilient segment serving intra-regional trade lanes. With the global orderbook concentrated in larger vessels, modern small-to-mid size tonnage stays structurally scarce, supporting a favourable supply/demand balance. Since 2017, backed by founding shareholder and sponsor, MPC Capital AG, MPCC has grown into one of the world's leading container tonnage providers serving leading charter customers globally, led by a team with extensive expertise within shipping, governance, and capital markets.

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Read about our people and governance

Fleet renewal and modernisation

MPCC runs an active fleet-renewal strategy aimed at renewing and upgrading the fleet and securing long-term employment on modern tonnage. MPCC is committed to divesting older tonnage at attractive pricing while investing in modern, eco-design and dual-fuel vessels. This continuous renewal keeps the fleet young, efficient and well-positioned for evolving customer and regulatory requirements. New tonnage is secured against long-term charters with top-tier liner companies, reducing employment risk and reinforcing earnings visibility.

MPCC has committed over USD 1.8 billion into its extensive fleet renewal efforts, which encompassing ECO-designed and Dual-Fuel Methanol newbuildings, acquisitions of eco-designed second-hand vessels, and efficiency-enhancing retrofits of the existing fleet in close partnership with charter customers

The eco share of the fleet now exceeds 75% by TEU, with 17 newbuildings on order.

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Read about our sustainability ambitions and targets