Fleet acquisition

Oslo - 20 February 2018

MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce the acquisition of a fleet of 14 feeder container vessels for a total purchase price of USD 139.5 million (4x 1,300 TEU, 4x 1,500 TEU, 2x 1,800 TEU, 2x 2,500 TEU, 2x 2,800 TEU).

Following the expected takeover of the vessels in the course of Q1 2018, the fleet of the Company will consist of 58 vessels.

The committed purchase price will be settled in cash from the Company’s existing funds and the Company will establish wholly-owned subsidiaries to take over the vessels.

MPC Container Ships AS press release