- MPCC has ordered four dual-fuel-ready 4,500 TEU vessels for delivery in 2027, each secured with long-term charters expected to generate $140 million in revenue.
- The company has secured $102 million in new green-linked financing while maintaining a conservative balance sheet, with 27 vessels remaining debt-free.
- MPCC has raised its EBITDA guidance for 2025 to $320–335 million, supported by full charter coverage for the year.
MPC Container Ships (MPCC) has taken a major step forward in its fleet renewal strategy by ordering four new energy-efficient container vessels. The 4,500 TEU ships, to be built by Taizhou Sanfu Ship Engineering, are scheduled for delivery in the second half of 2027. These state-of-the-art vessels are designed to be dual-fuel ready, capable of running on ammonia or methanol in the future—marking a strong commitment to decarbonization.
The vessels will also feature advanced energy-saving technologies and offer approximately 50% lower slot costs compared to many ships in today’s market. Each of the four newbuilds has already been secured under a three-year charter agreement with a leading global liner. These charters are expected to generate approximately $140 million in revenue and $100 million in EBITDA over their duration.
Diversified and Conservative Financing Strategy
To support this major investment while maintaining financial discipline, MPCC has secured two new debt facilities totaling $102 million. One of the loans comes from KfW-IPEX, and the other from Deutsche Bank, with a combined structure that includes a $250 million accordion option for future financing flexibility. This approach reflects MPCC’s ability to expand its financial network without compromising on its conservative capital structure.
Notably, 27 vessels in MPCC’s fleet remain debt-free even after this new financing round. The new loans are secured against modern, eco-friendly ships and are in line with the company’s strategy of funding growth through sustainable and responsible borrowing.
Strategic Divestments and Charter Upgrades
In addition to expanding its fleet, MPCC is optimizing its existing portfolio. The company will divest three older vessels, each around 18 years of age and 1,300 TEU in size, for a total of $31.5 million. These sales are aligned with MPCC’s net asset value per share and include the transfer of ongoing time charters. The proceeds from the sales will be redirected toward further strengthening the fleet.
Simultaneously, MPCC has enhanced its charter portfolio by securing new two-year contracts for four of its vessels: AS Serena, AS Sophia, AS Angelina, and AS Penelope. These new agreements were signed with major liner operators, reinforcing MPCC’s long-term relationships and securing income visibility in a dynamic charter market.
Improved Financial Visibility and Outlook
Thanks to its proactive strategy, MPCC now boasts exceptionally high charter coverage: 100% of its fleet is booked for 2025, 88% for 2026, and 34% for 2027. This backlog gives the company strong visibility on forward revenues and earnings, offering both operational and financial stability in a volatile industry.
Reflecting this solid footing, MPCC has raised its EBITDA guidance for 2025 to a range of $320–335 million, up from the previously announced $305–325 million. Revenue guidance remains at $485–500 million, indicating the company’s confidence in its charter contracts and operating model.
Looking Ahead
These strategic initiatives mark a significant step in MPCC’s long-term vision of building a younger, more efficient, and environmentally forward-looking fleet. With strong financial backing, modern vessels in the pipeline, and stable charter coverage, MPCC is well-positioned to create long-term value for shareholders while contributing to a more sustainable maritime industry.
The combination of disciplined portfolio management, smart financing, and a focus on decarbonization demonstrates MPCC’s growing influence and adaptability in the global container shipping market.
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Source: MPCC
