MPCC has announced additional strategic steps to optimise its portfolio and enhance fleet composition, reports Dubai's Shipping Herald.
As outlined in the investor presentation dated 14 March 2025, the company has entered into an agreement to sell five vessels en bloc - comprising three 1,300 TEU and two 2,000 TEU vessels.
In addition, two vessels were recently sold to an undisclosed buyer.
The average age of the seven vessels is 17 years. The five en bloc vessels will be sold with existing charters attached, resulting in an estimated reduction of approximately US$40 million in revenue backlog, of which $24 million pertains to 2025.
The sales are to unrelated parties and are subject to successful handovers.
Following these transactions, mpcc has revised its financial guidance for 2025. The updated forecast now projects revenues of $485 to $500 million and EBITDA of $305 to $325 million, compared to the previous guidance of $515 to $530 million in revenue and $290 to $310 million in EBITDA.
SeaNews Turkey
As outlined in the investor presentation dated 14 March 2025, the company has entered into an agreement to sell five vessels en bloc - comprising three 1,300 TEU and two 2,000 TEU vessels.
In addition, two vessels were recently sold to an undisclosed buyer.
The average age of the seven vessels is 17 years. The five en bloc vessels will be sold with existing charters attached, resulting in an estimated reduction of approximately US$40 million in revenue backlog, of which $24 million pertains to 2025.
The sales are to unrelated parties and are subject to successful handovers.
Following these transactions, mpcc has revised its financial guidance for 2025. The updated forecast now projects revenues of $485 to $500 million and EBITDA of $305 to $325 million, compared to the previous guidance of $515 to $530 million in revenue and $290 to $310 million in EBITDA.
SeaNews Turkey
