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.

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.