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MPC Container Ships equips 5 feeders with scrubbers, retrofits more

OSLO based MPC Container Ships ASA says it has exercised options to equip five more of its feeder vessels with scrubbers, and that charters have been agreed for a further six scrubber-retrofitted vessels

MPC Container Ships equips 5 feeders with scrubbers, retrofits more

OSLO based MPC Container Ships ASA says it has exercised options to equip five more of its feeder vessels with scrubbers, and that charters have been agreed for a further six scrubber-retrofitted vessels

04 December 2018 - 19:00

OSLO based MPC Container Ships ASA says it has exercised options to equip five more of its feeder vessels with scrubbers, and that charters have been agreed for a further six scrubber-retrofitted vessels.

The charter parties will be initiated after scrubber retrofitting and will cover a period extending into 2022.



The carrier said that the charter agreements have been 'concluded at favourable rates and are expected to yield attractive returns for the company. The scrubber investments are expected to be financed with cash on hand and available debt capacity on the company's existing fleet.



'The company seeks to take advantage of the optionality of its scrubber programme by meticulously analysing further retrofits on a vessel by vessel basis. In this context, the company is already in dialogue with various liner companies on further scrubber-linked employment concepts,' the statement said.



Founded in April 2017, shipping line's main activity is to own and operate a portfolio of containerships with a focus on the feeder segment between 1,000 and 3,000 TEU.



Said CEO Constantin Baack: 'We are excited to have concluded charters for six scrubber-retrofitted vessels in our fleet. The transaction adds charter coverage at attractive rates and provides significant upside potential post January 1, 2020.



'Equally important, the transaction demonstrates an increasing interest from liner companies for scrubber-linked charters and MPC Container Ships is well-positioned to become a preferred partner for charterers through the platform and the flexibility it has to offer to its customers.'


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