MPC Container Ships adds three more feeder boxships

MPC Container Ships adds three more feeder boxships

Germany’s MPC Container Ships has taken its feeder boxship fleet to 68 vessels with the acquisition of three vessels.

The company has acquired the 2005-built 2,500 teu Victoria Schulte for $11.8m and 2,500 teu pair Welle (built 2005) and Woge (built 2006) for $11m each. The vessels are set for delivery before the end of next month.

Constantin Baack, CEO of MPC Container Ships, commented: “We are very pleased with the development in the past year. Within only 12 months, MPCC has become the largest owner globally of feeder container ships with a capacity of up to 3,000 TEU. During the same time charter rates in the segment have developed very positively. Although the supply and demand situation is now pointing towards a rebalancing with a much reduced idle fleet, the market continues to provide attractive acquisition opportunities. We are currently considering financing options to further grow our business, both via asset acquisitions or ship for share transactions.”

Set up in April 2017, MPC plans to grow its fleet to over 100 feeder containerships.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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