MPC Container Ships Brings Vessel Tally to 23

Oslo-based containership owner MPC Container Ships AS has invested in three more vessels, bringing the company’s fleet count to 23 ships.

Namely, as disclosed earlier today, the company has acquired HS Onore a 2,846 TEU vessel built in 2006, which will be renamed AS Clarita.

Furthermore, MPC took a majority share in two 2,556 TEU vessels built in 2004, the Rio Teslin, which will be renamed to AS Palina and Rio Thelon to be named AS Petra.

The takeover of the HS Onore is expected by the end of October 2017, while the latter two ships have been taken over immediately.

“The total equity investment for the three vessels is USD 21.6 million, including working capital requirements and dry dock reserves,” the company said.

The acquisition follows a senior secured bond issue of USD 100 million completed earlier this month by MPC Container Ships Invest B.V., a wholly owned subsidiary of MPC Container Ships AS.

The net proceeds from the bond issue were assigned for financing acquisitions of additional container vessels and for general corporate purposes.

Established in April 2017, the company focuses on ownership and operation of containerships concentrating on the feeder segment between 1,000 and 3,000 TEU.

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