November 14, 2025

MPCC Orders Four Container Ship Newbuildings with Long-Term Charters

Regulatory

Oslo, Norway – 14 November, 2025 - MPC Container Ships ASA (“MPCC” or the “Company”) has entered into contracts with Jiangsu Hantong Ship Heavy Industry Co. Ltd. in China for the construction of four 4,500 TEU container vessels, scheduled for delivery starting first half of 2028. The contract price per vessel is USD 58m and the agreement includes options for two additional vessels at the same price. Each vessel will operate under a 10-year time charter, with extension options, for a leading global liner company. The vessel design and commercial structure were optimized collaboratively with the charterer to ensure an optimal fit for their network, operational profile, and long-term sustainability objectives.

The initial charter period is expected to generate approximately USD 375 million in revenue and around USD 242 million in EBITDA.

The vessels will feature advanced energy-efficient technologies, reducing slot costs by about 50% compared to similar-sized peers. This investment supports MPCC’s ongoing transition to a younger, more efficient, and environmentally compliant fleet, reducing exposure to regulatory and environmental risks.
The project will be financed through a balanced mix of equity and debt, ensuring financial flexibility and maintaining a prudent capital structure.

“Our fleet renewal strategy continues to gain momentum with this latest initiative,” said Constantin Baack, CEO of MPCC. “I would like to thank the teams on both sides for the constructive dialogue and the trustful cooperation over the past months, which has been essential in bringing this project to fruition. With today’s announcement, MPCC has secured 10 newbuildings with attached charters this year, underscoring our ability to deliver value-accretive deals with top-tier partners and strengthen strategic customer relationships – while reinforcing our commitment to long-term shareholder value.”

For further information and Q&A, please join the Q3 2025 Earnings call at 15:00 CET on 27 November, 2025. https://channel.royalcast.com/landingpage/hegnarmedia/20251127_4/

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.