Oslo-listed tonnage provider MPC Container Ships (MPCC) has pressed ahead with its fleet renewal programme, ordering two 1,600 teu containerships from Fujian Mawei Shipyard in China.
The vessels, designed for Northern European feeder trades, are due for delivery in the second half of 2027 and have been fixed on eight-year charters — plus options for two more years — to an unnamed global liner.
The investment totals $66m, with MPCC holding options for additional ships at the yard. The charters are expected to generate around $92m in revenue and $54m in EBITDA over their firm periods.
MPCC said each ship will feature a fuel-efficient hull form, shallow draft, and high manoeuvrability, tailored for restricted Northern European ports. Energy-saving technologies are also being built in to ensure compliance with tightening environmental standards.
The project will be funded through a mix of equity and debt, which the company said maintains balance-sheet flexibility and supports dividend growth.
“This transaction marks another step in the transformation of our fleet,” said Constantin Baack, MPCC’s co-CEO. “It aligns with our long-term fleet renewal strategy to generate sustainable value through modernisation and optimisation while securing long-term employment with top-tier liner companies.”
Baack added that supply fundamentals in MPCC’s core feeder segments remain favourable, with only about 6% of the existing fleet due for renewal within the next two to three years, while nearly a quarter of vessels are more than 20 years old.
The newbuilding deal continues MPCC’s expansion strategy, following similar transactions in July for a quartet of 4,500 teu vessels at about $57m each.
