- Business
- MPC Container Ships ASA MPC Container Ships ASA owns and operates a fleet of small- to mid-sized container ships focused on intra-regional trade lanes worldwide; its vessels, primarily ranging from 1,000 to 5,000 twenty-foot equivalent units (TEU), charter out on fixed-rate time charters to global and regional liner companies serving feeder routes that connect major intercontinental ports to smaller regional ports; the fleet, as of Q2 2025, comprises approximately 59 vessels with an aggregate capacity of around 140,000 TEU, emphasizing sustainable operations with energy-efficient designs and ESG principles. Founded in 2017 and headquartered in Oslo, Norway, with additional offices in Hamburg, Germany, and Rhoon, the Netherlands, the company maintains a streamlined structure with about 30 onshore professionals overseeing third-party technical management, crewing, and commercial operations for roughly 1,400 seafarers. MPC Container Ships ASA lists on the Oslo Stock Exchange under ticker MPCC and traces its shipping expertise to sponsor MPC Münchmeyer Petersen Capital AG. Recent strategic initiatives include the June 2024 acquisition of two 3,500 TEU vessels for $47.25 million, delivered into 36-month charters with a top-tier liner generating $55 million in revenue, alongside new 24-26 month charters for eight existing vessels adding $155-195 million to backlog; in 2025, the company accelerated fleet renewal by ordering multiple newbuilds, including four 4,500 TEU vessels in November from Jiangsu Hantong Ship Heavy Industry for $58 million each, slated for 2028 delivery under 10-year charters yielding $375 million in revenue and $242 million EBITDA, plus earlier orders for additional eco-efficient ships with long-term commitments to leading liners, enhancing revenue visibility to 90% for remaining 2024 days, 64% for 2025, and 34% for 2026 while reducing environmental risks.