Oslo-based MPC Container Ships (MPCC) takes strategic fleet renewal initiatives in its journey towards decarbonization.
One of its latest moves is the partnership with Unifeeder – in a joint investment- for the construction of a 1,250 TEU dual-fuel methanol newbuilding.
Scheduled for delivery in late 2026, this vessel will be under a 7-year time-charter agreement with Unifeeder post-delivery, significantly mitigating residual value risks.
As MPCC claims, the structure of this investment “underscores MPCC’s commitment to reducing carbon emissions, while protecting long-term shareholder value.”
Meanwhile the company has entered into joint retrofit agreements with various charter customers.
Under these agreements, both the charterer and MPCC will share the costs of retrofit investments followed by an extension of the vessels time-charter contracts.
“This collaborative effort reduces open charter positions, increases contract coverage for 2024 and beyond and enhances the overall efficiency of the fleet, in alignment with MPCC’s strategic objectives,” reads the MPCC’s statement.
Earlier this year, MPCC entered into a new $100m four-year revolving credit facility agreement with Hamburg Commercial Bank (HCOB).
The Oslo-based shipping company said it secured the facility “at attractive terms.”
As informed, the new revolving credit facility is secured by 14 vessels, releasing substantial collateral of 9 vessels previously included in the former financing facilities, resulting in 38 debt free vessels in the fleet.
