• 2018 May 23 12:13

    MPC Container Ships ASA acquires three 2,500 TEU feeder container vessels

    MPC Container Ships ASA ("MPCC") has entered into agreements with Triton Debt Opportunities S.C.A. and its subsidiary Victoria Schulte Shipping Ltd. regarding the acquisition of MV Victoria Schulte, a geared 2,500 TEU vessel built in 2005 at Aker MTW Werft, Germany (tbr "AS Paola"). The deal has been structured as a combined cash and share deal. MPCC will pay a total consideration of USD 11,800,000 and may at its discretion settle up to USD 2,990,000 of this amount by way of delivering new common shares in MPCC.

    Additionally, MPCC has entered into agreements with Schifffahrtsgesellschaft MS "WELLE" mbH & Co. KG and Schifffahrtsgesellschaft MS "WOGE" mbH & Co. KG to acquire MV "Welle" (tbr "AS Penelope") and MV "Woge" (tbr "AS Pauline"), two gearless 2,500 TEU vessels built in 2005 and 2006 at STX Shipbuilding, Korea. The two vessels will be acquired for USD 11,000,000 each.

    Physical takeover of the vessels is expected to take place in the second quarter of 2018, lifting the fleet of MPCC to a total of 68 vessels.

    Of this, 40 vessels are owned and operated by MPC Container Ships Invest B.V. ("MPCC Invest"), a wholly-owned subsidiary of MPCC. MPCC Invest is pleased to announce that the proceeds of USD 200 million from the bond issue have successfully been disbursed from the Escrow Account and applied in accordance with the bond terms. MPCC Invest has now successfully taken over all vessels, including 15 initial vessels and 25 additional vessels. The acquisitions of these vessels have been financed, in part, by the bond proceeds.

    MPCC Invest is incorporated as a private limited liability company and domiciled in the Netherlands. The bond issue MPC Container Ships Invest B.V. FRN Senior Secured USD 200,000,000 bonds 2017/2022 (ISIN NO 0010805872) is governed by bond terms dated 20 September 2017 as amended by addendum no. 1 dated 12 February 2018 in connection with a tap issue between MPCC Invest as issuer and Nordic Trustee AS as trustee for the Bondholders.

    MPC Container Ships ASA was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. Since its inception, MPC Container Ships ASA successfully completed multiple rounds of funding in the capital markets. The amount raised through both equity and bond offerings currently totals USD 625 million (USD 425 million in equity, USD 200 million in bonds). The company managed to successfully deploy the capital in shipping transactions and thus built up a fleet of 68 vessels. MPC Container Ships ASA is listed on Oslo Stock Exchange with ticker code “MPCC”.




2019 March 24

16:29 VARO and GoodFuels extend partnership to scale Bio Fuel Oil availability to deep sea segment in ARA Region
15:13 New Kongsberg Maritime application enables Bureau Veritas to successfully complete the first ‘DP Digital Survey’
14:27 ESVAGT increases presence in dynamic offshore wind market
13:03 Semco secures EPCI contract with Total as part of the Tyra Redevelopment Project
12:01 Safe Scandinavia option restructure and extension

2019 March 23

16:03 NCL announces plans for new staff training facility
15:54 ABP Humber provides land to support KIA expansion
14:22 SeaPlanner to support marine coordination for Taiwan's Formosa I offshore wind farm
13:31 Høglund awarded fuel-gas supply systems contract for six Hurtigruten passenger ships retrofits
12:25 McDermott secures substantial offshore EPCI contract in the Middle East
11:21 MacArtney provide Active Heave Compensated MERMAC winch solution to Alcatel Submarine Networks for planned subsea offshore operations

2019 March 22

18:06 GE and Nedstack enter into a partnership to develop hydrogen fuel cell power systems for cruise vessels
17:57 Fitch affirms Deloports rating at 'BB-' with stable outlook
17:36 Samsung Heavy Industries receives a LNGC order
17:05 Maritime Union of Australia issues notice of legal rolling industrial actions at DP WORLD terminals in Australia
16:44 Maersk partners with global companies to trial biofuel
16:44 NATO allied nations from last year’s NATO Summit to attend Unmanned Maritime Systems Technology 2019
16:22 15th edition of Expomaritt Exposhipping Istanbul to be held 2-5 April 2019
16:05 Dutch Sustainable Growth Coalition partners with Maersk in world's largest maritime biofuel pilot
15:30 Hapag-Lloyd announces 2018 results
14:03 ONE unveils enhanced intra-Asia –East India service network for 2019
13:54 Royal IHC to build second TSHD for National Marine Dredging Company
13:41 IMO expands collaborative efforts to promote maritime security
13:17 REMPEITC-Caribe training workshop funded by IMO held in Guyana
12:55 Workshop promoting good practice in spill preparedness and response held in Côte d'Ivoire
12:30 Bunker prices go up at the port of Saint-Petersburg, Russia (graph)
12:03 18 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on March 21-22
11:42 Gazpromneft – Lubricants starts bunkering with marine oils in Primorsk
11:08 MSC Bellissima, MSC Cruises’ latest newbuild visits Valletta Cruise Port
10:50 Maritime Incubator to be established at the Port of Gdansk
10:49 MABUX: Bunker market this morning, Mar.22
10:29 Baltic Dry Index is down to 695 points
10:08 ZIM net loss up to $119.9 million in 2018
09:51 Brent Crude futures price is down 0.21% to $67.72, Light Sweet Crude – down 0.23% to $59.84
09:23 Manufacturing at the Port of Riga beneficial for both businesses and the Port
09:08 DEME Offshore announces Moray East wind farm Tier One suppliers
08:32 Rhenus establishes its own network in South Africa by acquiring World Net Logistics

2019 March 21

18:05 Dublin Bay Biosphere to host international UNESCO EuroMAB Conference
17:53 Detachment of RF Navy’s Northern Fleet completed transfer through the Suez Canal
17:28 McDermott awarded ethylene contract in Russia
17:05 IMO and Saudi Arabia organize course for members of three key regional maritime security agreements to promote maritime security
16:35 Topaz secures contract extension with BP for 12 vessels in Azerbaijan
16:05 Incat announces construction of a 35m Catamaran Passenger Ferry for Samso Rederi
15:52 Kalmar's Eco Reachstackers and Empty Container Handlers to help Ter Haak Group Amsterdam improve the sustainability of its operations
15:31 Severnaya Verf lays down second processing trawler of Project 170701 for Norebo Holding
15:08 German shipyard Lürssen launches project Fiji yacht named Madsummer
14:39 GoodFuels and REINPLUS FIWADO Bunker fuel first inland vessel on 100% sustainable biofuel
14:13 Incat Crowther 35m ferry for Samso Rederi
13:55 Nuclear-powered container carrier Sevmorput on her first voyage under Arctic LNG 2 project
13:24 Andrei Chibis appointed Acting Governor of Murmansk Region
13:17 Coast Guard continues to break ice on Penobscot River to start on the Kennebec River
12:40 Murmansk Region Governor announces resignation
12:00 Steel cut for first short-sea LNG bunker vessel for Eesti Gaas at Damen Yichang Shipyard, China
11:39 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on March 20-21
11:13 Bunker prices go down at the Far East ports of Russia (graph)
10:50 Doha to host Ports & Maritime Evolution, Rail & Logistics Evolution, Road & Logistics Evolution Qatar Assembly & Expo in September’19
10:27 Brent Crude futures price is up 0.16% to $68.61, Light Sweet Crude – up 0.02% to $60.24
10:08 MAN receives an order for two-stroke engines from Eastern Pacific Shipping
10:05 MABUX: Bunker Market this morning March, 21
09:59 2018 revenues of FSUE Rosmorport grew by 7% Y-o-Y to over RUB 26 billion