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.