MPC Container Ships ASA
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Constantin Baack
- Full Time Employees
- 40
- Sector
- Industrials
- Industry
- Marine Shipping
- Address
- Munkedamsveien 45 A Oslo PS Norway 0251
- IPO Date
- May 3, 2018
- Website
- mpc-container.com
- Similar Companies
- Business
- MPC Container Ships ASA (MPCC) owns and operates a portfolio of small- to mid-size container vessels focused on intra-regional and feeder trade lanes worldwide; the company charters its fleet primarily on fixed-rate time charters to global liner companies and regional carriers, serving routes that connect major hub ports with smaller regional ports for transshipment and distribution of containerized cargo including industrial goods, consumer products, chemicals, and foodstuffs. Its core offerings encompass a diverse fleet of approximately 75 vessels with a total capacity exceeding 158,000 twenty-foot equivalent units (TEU), featuring vessels in sizes ranging from 1,700 TEU to 4,500 TEU; operations emphasize efficiency, sustainability, and long-term charter backlogs to ensure revenue visibility and mitigate market volatility. MPC Container Ships ASA maintains offices in Oslo (headquarters), Hamburg, and Rhoon, with vessels deployed globally across key intra-regional trades in Europe, Asia, the Americas, and other regions. Founded in April 2017 and sponsored by MPC Münchmeyer Petersen Capital AG, the company listed on the Oslo Stock Exchange in May 2018 under the ticker MPCC (OTC: MPZZF) and has grown rapidly into one of the world's leading container tonnage providers in the feeder segment. Recent strategic developments include the May 2025 acquisition of Songa Container AS for USD 210 million, adding 11 vessels averaging 2,250 TEU and expanding the combined fleet to bolster scale and operating leverage in a strong container market; in June 2024, MPCC acquired two 3,500 TEU vessels for USD 47.25 million with pre-agreed 36-month charters and secured charter extensions for 10 existing vessels, boosting backlog by USD 155-195 million. Most notably, in November 2025, the company ordered four 4,500 TEU newbuilds from Jiangsu Hantong Ship Heavy Industry for USD 58 million each, featuring advanced energy-efficient technologies and backed by 10-year time charters to a leading global liner, projected to generate USD 375 million in revenue and USD 242 million in EBITDA while advancing fleet renewal; this marks the tenth such newbuilding with attached charter secured in 2025, with options for two more vessels. These moves underscore MPCC's focus on fleet modernization, strategic partnerships with top-tier liners, and enhanced environmental compliance amid robust market dynamics.
Company News
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