MPC Container Ships fully booked for 2025 with $1.2B charter backlog | Container news

Oslo-based MPC Container Ships (MPCC) had another quarter with solid operational and financial performance, supported by a strong contract backlog with 100% of open days covered in 2025 and 89% in 2026, the company said in its quarterly results for the second quarter of 2025.

The company continues to divest less efficient vessels and in July ordered four 4,500 teu newbuilds with delivery from the second half of 2027.

During the quarter the company delivered six of the seven vessels divested in Q1. The last vessel was delivered in August.

In July, the shipowner placed a large newbuild order of four 4,500 teu container vessels with the Chinese shipyard Taizhou Sanfu Ship Engineering, with deliveries scheduled from the second half of 2027.

The $228m investment is backed by 3-year charters with a “top-tier liner,” the company says, expected to generate $140m in revenue and $100m in EBITDA.

In parallel with the newbuilding contracts, the company divested three non-strategic 1,300 teu vessels, AS Felicia, AS Fiorella and AS Floretta, for a total consideration of $33.2m.

The three vessels will be sold with existing charters attached. The sale of the vessels is expected to be completed in the second half of 2025, subject to the successful handover of the vessels.

Meanwhile, the company reported that it has secured new 2-year charter contracts with “two top-tier” liner companies for the vessels AS Serena, AS Sophia, AS Angelina and AS Penelope.

In the operational performance, the company has secured 100% contract coverage for the remainder of 2025 and 89% for 2026. Specifically, the company reported charter backlog of $1.2bn with full contract coverage for 2025 (100%) and very high coverage for 2026 (89%).

Constantin Baack, chief executive officer MPC Container Ships, said: “Looking ahead, we expect continued volatility and uncertainty driven by geopolitical tensions and shifting global trade policy. While these dynamics pose challenges, they also present compelling opportunities for agile and well-capitalized players.

“Maintaining strong investment capacity is critical for MPCC, not only to navigate the shifting landscape but to act decisively when attractive opportunities arise. Our disciplined strategy and proven ability to generate value in complex markets position us to capitalize on emerging trends and deliver sustainable growth for our shareholders.”