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MPC Container Ships ASA publishes FY 2018 Annual Report


Oslo, 29 March 2019 - MPC Container Ships ASA (the "Company", together with its subsidiaries the "Group") today published its FY 2018 Annual Report, including the Company’s Corporate Social Responsibility Statement and Corporate Governance Report as separate sections.

  •  Total revenue was USD 183.5 million in FY 2018 (FY 2017: USD 21.4 million).
  •  EBITDA was USD 45.3 million in FY 2018 (FY 2017: USD 1.3 million).
  •  Average time charter equivalent ("TCE") was USD 9,911 per day for FY 2018.
  •  Cash and cash equivalents stood at USD 60.2 million as at 31 December 2018. As at the same date, the Group has an equity ratio of 63.6% and a leverage ratio of 34.3%.

As at 31 December 2018, the Group has acquired and taken over 69 container vessels, whereof 61 are fully owned and 8 are operated in a joint venture.

The FY 2018 Annual Report is attached hereto and made available on the Company's webpage

The above information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code "MPCC") 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.

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