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More Vessels Join MPC Container Ships' Fleet

MPC Container Ships, a subsidiary of MPC Capital AG, took delivery of the 2003-built sister ships Carpathia and Cordelia on May 31, 2017.

02 June 2017

The vessels, which were bought in a batch of seven ships for USD 38 million on May 22, have a capacity of 2,824 TEU each.

Additionally, MPC Container Ships said that the acquisition of the 2003-built Mare Frio, a 1,200 TEU ships which will be renamed AS Fiona, has been finalized. The boxship is set to join its owner by end of June 2017.

Ahrenkiel Steamship is the technical manager of the former two vessels and Columbia Shipmanagement of the latter.

MPC Container Ships’s investment for these vessels totals USD 11 million, excluding working capital requirements and docking cost, whereas the company holds a 50% interest in Carpathia and Cordelia.

Besides the seven container ships purchased in May, featuring capacities ranging between 966 TEU and 2,824 TEU, MPC Container Ships has agreed to add six more vessels to its fleet.

After completion of these transactions, including working capital and docking cost, around USD 80 million of the USD 100 million raised at the end of April will have been invested, the company earlier informed.