100-vessel target for MPC Container Ships

100-vessel target for MPC Container Ships

The fastest growing containership owner this year has just outlined plans to quadruple the size of its fleet.

MPC Container Ships was set up by Germany’s MPC Capital in April, listing in Oslo, with a focus to own and operate a portfolio of feeder container ships between 1,000 and 3,000 teu. Its fleet today stands at 23 ships, but Ulf Hollander, CEO of parent MPC Capital, has just revealed intentions to broach the 100-ship mark in the future.

Speaking with International Financing Review, Hollander said the boxship vehicle would raise new loans to fund further expansion. Hollander also said he favoured a New York listing for the six-month-old company.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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