MPC Container Ships Buys Sub-Panamax Vessel

Norwegian shipowner MPC Container Ships is continuing its fleet expansion with the purchase of one more secondhand boxship.

The company has inked an agreement to acquire SITC Makassar, a 2,496 TEU vessel built in Germany in 2006.

As informed, the ship will be acquired for USD 9.9 million, including initial working capital.

The vessel, to be named AS Patricia, will be taken over by MPC Container Ships’ 50/50 joint venture in the course of April 2018.

SITC Makassar is currently owned by China’s SITC which bought the Sub-Panamax containership from Germany’s Projex Schiff in 2017, VesselsValue’s data shows.