Milestone Unlocked: MPCC Christens Two Green Methanol-Ready Containerships

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Norwegian container tonnage provider MPC Container Ships (MPCC) has marked a significant milestone by christening two green methanol-ready 5,500 TEU containerships in South Korea. This event celebrated at the HJ Shipbuilding & Construction yard, unveiled the eco-friendly vessels named Mackenzie and Colorado.

Enhancing Efficiency

These new additions are part of MPCC’s broader strategy to enhance fleet efficiency and reduce its environmental footprint. Designed to be converted for methanol operations, these containerships could potentially cut emissions by up to 90% when using “green” methanol. Moreover, the vessels boast innovative designs aimed at reducing fuel consumption by 40%.

With these additions, we continue to enhance our fleet’s efficiency and environmental footprint, aligning with our commitment to sustainable shipping solutions,” MPCC stated, highlighting the company’s dedication to eco-friendly advancements in maritime transport.

The Mackenzie and Colorado will be integrated into MPCC’s fleet later this year and have already secured 7-year charters with Israel’s ZIM Integrated Shipping Services. 

Dual Fuel Methanol 

The christening of these ships follows a contract signed in April 2022 for their construction, reflecting a steady progression in MPCC’s strategic initiatives. These vessels are not just new additions but signify a leap towards greener shipping alternatives.

In a related development, MPCC has also finalized a $55 million pre- and post-delivery ECA-covered financing agreement with Deutsche Bank and SINOSURE for two other dual-fuel methanol new buildings. This order, placed last year, is slated for delivery towards the end of 2024 and is backed by 15-year time charter agreements with North Sea Container Line (NCL).

This series of strategic moves by MPCC demonstrates the company’s commitment to advancing eco-friendly shipping technologies and supporting the global shift towards sustainable maritime practices.

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Source: Breakbulk