MPC Container Ships AS (‘The Company’) announced today that it has acquired seven container vessels. The fleet consists of the 2007 and 2008 built sister ships AS Laetitia and AS Laguna (966 TEU), the 2009 built Rickmers Malaysia (1,300 TEU, to be renamed AS Fortuna), the 2004 built Rio Taku (2,556 TEU), the 2003 built sister ships AS Carinthia and Cardonia(2,824 TEU) and a further 2007 built vessel of 2,100 TEU. Five of the vessels have already been taken over, the remaining two are scheduled for delivery by end of June 2017. The Company’s investment for this fleet totaled USD 38 million.
With the exception of currently docked AS Laetitia, all ships are chartered out to liner companies at or above current market rates and employment between six to 24 months. Ahrenkiel Steamship is the technical manager of six vessels, AS Fortuna will be managed by a third party ship manager.
The Company has further agreed on terms and conditions to acquire six additional vessels, i.e. one 1,200 TEU, one 2,500 TEU and four 2,800 TEU vessels.
After completion of these transactions, including working capital and docking cost, around 80 million of the capital raised at the end of April has been successfully deployed. The company seeks to advance growth opportunities and further vessel transactions are already under negotiation.
More details on the fleet list can be found on www.mpc-container.com
Board of Directors completed
At an Extraordinary General Meeting held on 18 May 2017 in Oslo, three additional directors have been elected by the shareholders to the Company’s board:
Robert Knapp, Principal of Ironside Partners and Director of various investment companies,
Darren Maupin, Director of the Pilgrim Global ICAV and Executive Director of Anglo International Shipping Co. Ltd. and
Dr Ottmar Gast, Chairman of the Executive Board of Hamburg Süd.
The board consists of five members and is completed by Dr Axel Schroeder, Chairman of the Supervisory Board of MPC Capital AG and Managing Partner of MPC Group, and Ulf Holländer, CEO of MPC Capital AG. Mr. Holländer is Chairman of the Board of Directors of the Company.
About MPC Container Ships AS:
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 NOTC-list (Oslo, Norway) as of 28 April 2017 with ticker code “MPCC”.
Further information and contact:
MPC Container Ships AS