Anchoring Long-Term Value: MPCC Accelerates Fleet Renewal with Charter-Backed Newbuildings

Anchoring Long-Term Value: MPCC Accelerates Fleet Renewal with Charter-Backed Newbuildings.

Norwegian container tonnage provider MPC Container Ships (MPCC) has taken another decisive step in its long-term growth strategy by advancing fleet modernization through a new series of energy-efficient containerships, backed by long-term charter commitments from a top-tier liner customer. The move further enhances earnings visibility while reinforcing MPCC’s positioning as a disciplined and forward-looking owner in the global container shipping market.
The first vessel deliveries are scheduled for the second half of 2028, with each ship contracted under a ten-year time charter, including extension options, to a top five global liner company. These long-term agreements significantly reduce market exposure and secure stable cash flows well beyond the current cycle, reflecting MPCC’s focus on downside protection and predictable returns.
The total investment for the project amounts to USD 292.5 million. During the initial charter period, the vessels are expected to generate approximately USD 479 million in revenue and around USD 288 million in EBITDA, underlining the strong economic fundamentals of the transaction. Financing will be structured through a balanced combination of equity and debt, preserving financial flexibility and maintaining a prudent capital structure.
In parallel, MPCC announced the establishment of a new 50/50 joint venture with Uthalden, an experienced shipping investor. The joint venture will own two 4,500 TEU newbuildings that were previously wholly owned by MPCC and are already fixed on long-term charters with a top five liner operator. According to the company, the partnership will free up committed capital, optimize investment capacity, and allow MPCC to share risk while retaining exposure to high-quality assets. The majority of the vessels’ purchase price is expected to be financed through moderate leverage at the joint venture level.
As part of its ongoing fleet renewal program, MPCC also confirmed the sale of AS Clementina, a vessel approaching its 20-year class renewal in 2026, for USD 24 million. The handover is scheduled to take place following the expiry of the current charter, towards the end of the second quarter of 2026. The divestment aligns with MPCC’s strategy of gradually exiting older tonnage while redeploying capital into modern, fuel-efficient vessels that meet increasingly stringent environmental standards.
Commenting on the developments, Constantin Baack, CEO of MPCC, described 2025 as a transformational year for the company. “With yet another newbuilding order secured against a long-term charter with a top-tier counterpart, we now have a total of 17 state-of-the-art newbuildings on order, with deliveries commencing from 2026 onwards,” he said.
Baack added that these initiatives strengthen strategic partnerships, enhance earnings visibility, and reinforce MPCC’s commitment to long-term value creation. As a result, the company’s contracted revenue backlog has now exceeded USD 2 billion, providing exceptional visibility and positioning MPCC for sustainable growth and resilience in the years ahead.

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