- MPCC has ordered two 1,600 TEU eco-efficient container vessels from China’s Fujian Mawei Shipyard, with delivery expected in late 2027.
- The $66 million project supports MPCC’s ongoing fleet renewal and environmental compliance strategy.
- Both vessels are secured on eight-year time charters, projected to generate $92 million in revenue and $54 million in EBITDA.
- Designed for Northern Europe operations, the ships feature refined hulls, shallow drafts, and energy-saving systems for optimal fuel efficiency.
MPC Container Ships (MPCC) has announced an order for two eco-friendly 1,600 TEU container vessels in China, accompanied by eight-year time charters, marking a further step in the company’s ongoing fleet renewal strategy, reports Offshore Energy.
According to MPCC, the contracts were signed with Fujian Mawei Shipyard, with deliveries scheduled for the second half of 2027. The total investment for the project is estimated at USD 66 million, with options for additional vessels to allow future scalability in response to market conditions.
Each vessel has been secured on an eight-year charter, with a two-year optional extension, to an undisclosed global liner company. The agreement is projected to generate approximately USD 92 million in revenue and contribute around USD 54 million in EBITDA over the charter period.
Designed for fuel efficiency and optimized performance in Northern European trade routes, the newbuildings will feature a refined hull form, shallow draft, and high maneuverability. The design integrates energy-saving systems to enhance environmental performance and ensure compliance with evolving emission standards.
MPCC noted that this investment reinforces its transition toward a more efficient and environmentally compliant fleet, reducing regulatory exposure while supporting long-term sustainability goals.
The project will be financed through a balanced mix of equity and debt, maintaining financial flexibility and a prudent capital structure. The new vessels are expected to be accretive to both earnings per share (EPS) and dividends per share (DPS) upon delivery.
The company’s Co-CEO highlighted that the transaction is part of a broader fleet renewal program focused on modernization, optimization, and sustainable value creation. He also pointed to favorable supply fundamentals, with only 6% of the current fleet expected to be replaced within the next two to three years, while 24% of vessels are already over 20 years old.
Earlier in the year, MPCC announced additional orders for four 4,500 TEU dual-fuel-ready containerships at Taizhou Sanfu Ship Engineering in China, with deliveries planned to begin in the second half of 2027.
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Source: Offshore Energy
