NORWAY-HEADQUARTERED MPC Container Ships (MPCC) has sold a 20-year-old ship and bought another two vessels.
Together with its joint venture partner, MPCC has agreed to sell the 2,800 TEU AS Carinthia ahead of the vessels 20-year class renewal for US$7.6 million. The vessel was acquired in 2017 for US$5.2 million and has since generated free cash flow from operations of $11.2 million.
MPCC also announced it has acquired the 2010-built, 3,400 TEU Rio Centaurus and the 2007-built, 2,800 TEU TRF Kaya for a total of $33.9 million. Both vessels are scrubber-fitted, and come with existing charters attached, reports Singapore's Splash 247.
"MPC Container Ships is in a favourable position given the strong charter backlog and a very healthy balance sheet. Under the current market conditions, we will continue to optimise our fleet through potential vessel sales, accretive acquisitions, or retrofit investments," said CEO Constantin Baack.