The fledgling containership owner and operator has agreed to purchase a fleet of 14 feeder container vessels ranging in size from 1,300 TEUs to 2,800 TEUs for a total price of $139.5 million.
Fledgling containership owner and operator MPC Container Ships AS is continuing to grow it’s fleet at a rapid clip.
The Norway-based company earlier this week agreed to acquire 14 more feeder container vessels for a total price of $139.5 million, according to a statement from the firm.
The ships include four 1,300-TEU vessels, four 1,500-TEU, two 1,800-TEU, two 2,500-TEU, and two 2,800-TEU ships. The seller was not disclosed.
MPC Container Ships said the acquisition will be paid for in cash from the company’s existing funds and the company will establish wholly-owned subsidiaries to take over the vessels.
Following the expected takeover of these and other purchased vessels during first quarter 2018, the company’s fleet will consist of a total of 58 vessels.
MPC Container Ships in December reported its first quarterly operating profit since its incorporation on Jan. 9, 2017 and beginning operating activity in April 2017.
MPC Container Ships continues fleet expansion
