- MPCC sells five container vessels as part of its fleet optimization strategy, reducing its revenue backlog by $40 million.
- A total of seven vessels, averaging 17 years old, have been sold to enhance fleet composition and sustainability.
- MPCC projects 2025 revenues of $485M–$500M and EBITDA of $305M–$325M, alongside its first Japanese financing deal.
MPC Container Ships (MPCC) has announced the sale of five container vessels as part of its ongoing fleet optimization strategy, reports Marine Link.
The transaction includes three 1,300 TEU vessels and two 2,000 TEU vessels, all sold with existing charters attached. This move is expected to reduce MPCC’s revenue backlog by approximately $40 million, with $24 million impacting 2025.
Fleet optimization program
In addition to these sales, MPCC recently completed the sale of two other vessels to an undisclosed buyer, bringing the total number of vessels sold to seven, with an average age of 17 years. These divestments are part of MPCC’s commitment to fleet renewal and sustainability. Moritz Fuhrmann, Co-CEO and CFO at MPCC, emphasized that these transactions are accretive on a per-share basis and align with the company’s strategy to enhance fleet composition for future growth.
Following these transactions, MPCC has updated its financial guidance for 2025, projecting revenues between $485 million and $500 million, and EBITDA ranging from $305 million to $325 million. Additionally, the company announced the completion of its first Japanese financing transaction, aimed at refinancing one of its eco vessels, marking MPCC’s entry into the competitive Japanese financing market.
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Source: Marine Link
