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MPC Container Ships raises more cash for more ship acquisitions

MPC Container Ships, among the fastest growing boxship operators in the world, has raised new cash with an eye on more vessels.

The company fixed a private placement of 15m new shares in Oslo raising around $75m.

“The net proceeds from the Private Placement will be used to pursue future investments opportunities, hereunder acquiring additional vessels,” the company said in a release today.

MPC Container Ships was formed in April this year with a focus on investing in 1,000 to 3,000 teu capacity vessels.

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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