One out, two in at MPC Container Ships

Wednesday, 22 March 2023

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MPC Container Ships (MPCC) has sold a 20-year-old ship and bought another two vessels.

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Together with its joint venture partner, MPCC has agreed to sell the 2,800 teu AS Carinthia ahead of the vessel’s 20-year class renewal for $7.6m. The vessel was acquired in 2017 for $5.2m and has since generated free cash flow from operations of $11.2m.

MPCC also announced today it has acquired the 2010-built, 3,400 teu Rio Centaurus and the 2007-built, 2,800 teu TRF Kaya for a total of $33.9m. Both vessels are scrubber-fitted, and come with existing charters attached.

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“MPC Container Ships is in a favourable position given the strong charter backlog and a very healthy balance sheet. Under the current market conditions, we will continue to optimise our fleet through potential vessel sales, accretive acquisitions, or retrofit investments,” said CEO Constantin Baack.

Source : https://splash247.com

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