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XOSL (MPCC)

MPCC Continues Strategic Fleet Renewal with Newbuild Orders against Long-Term Charters

Regulatory

Oslo, Norway, 13 October 2025 – MPC Container Ships (“MPCC” or the “Company”) has placed an order for two 1,600 TEU container vessels in combination with 8-year charters to one of the leading global liner operators

  • MPCC has signed contracts for two 1,600 TEU high cube container vessels with Chinese Fujian Mawei Shipyard and deliveries scheduled in the second half of 2027.
  • The total investment amounts to USD 66 million and the Company holds options for additional vessels, offering future scalability in line with market opportunities.
  • Each vessel has been fixed on 8-year time charter (plus a 2-year optional period) with a leading global liner company, expected to generate approximately USD 92 million in revenue and contribute around USD 54 million in EBITDA over the contracted charter period, providing substantial earnings visibility as well as derisking.
  • The vessel features a state-of-the-art, fuel-efficient design optimized for the Northern Europe trade and its restricted channels. A refined hull form, shallow draft, and high manoeuvrability ensures efficient operations, while energy-saving systems deliver best-in-class environmental performance.
  • This newbuilding order is a continuation of supports MPCC’s transition toward a modern, more efficient, and environmentally compliant fleet, reducing exposure to regulatory and environmental risk.
  • The project will be financed through a balanced mix of equity and debt, ensuring flexibility and a prudent capital structure. The newbuildings are expected to be accretive to both earnings per share (EPS) and dividends per share (DPS) upon delivery.

 
 “We are pleased to mark another step in the transformation of our fleet,” said Constantin Baack, Co-CEO of MPCC. “This transaction is part of our long-term fleet renewal strategy, designed to generate sustainable value through modernization and optimization. It underscores our strong strategic position and proven ability to execute value-enhancing deals that secure long-term charters with leading liner companies, reinforcing strategic partnerships, enhancing earnings visibility, and supporting disciplined growth.

At the same time, we maintain a strong and flexible balance sheet with significant investment capacity, enabling us to advance our renewal program while remaining well-positioned to act on market opportunities should conditions soften.
We continue to view the supply fundamentals in our core segments as favorable, due to the comparably low orderbook – where only 6% of the fleet is expected to be replaced in the next 2–3 years, while 24% of vessels are already over 20 years old.”

Forward-looking statements:
This announcement includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.

For more information, contact:
[email protected]

About MPC Container Ships:
MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider focusing on small to mid-size container ships. Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters. The Company is registered and has its business office in Oslo, Norway. For more information, please visit www.mpc-container.com.

This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-10-13 08:20 CEST.