MPCC Acquires 5 Modern Eco-design Vessels for $136M

Credits: eilis-garvey-unsplash

MPC Container Ships (MPCC) has announced a series of strategic measures aimed at further optimizing its portfolio and enhancing its fleet composition.

Enhancing fleet composition 

These measures include:

  • Acquisition of five modern eco-design vessels for USD 136.3 million
  • Term sheet signed for USD 50 million acquisition financing
  • Secured USD 75 million lease financing with BoComm for existing fleet
  • Commercial agreement for early redelivery of AS Nadia for a cash compensation
  • Agreement on sale of AS Emma for USD 22 million with handover in November 2023

As a result of the aforementioned measures, MPC Container Ships raises its financial guidance for FY 2023 to operating revenues of USD 650-670 million (old: USD 610-630 million) and EBITDA of USD 450-475 million (old: USD 420-450 million).

Read the full article here. 

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Source: MPCC


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