MPC Container Ships sells three ships for $31.5m, raises 2025 financial guidance

MPC Container Ships (MPCC) has announced a series of strategic initiatives, including a $228 million order for four new 4,500 TEU containerships and the sale of three older ships for $31.5 million. The company also secured new debt facilities and raised its 2025 EBITDA guidance.

As previously reported by Baird Maritime, the four dual-fuel ready newbuilds will be constructed at the Taizhou Sanfu Ship Engineering yard in China for delivery from the second half of 2027. Each vessel has been fixed on a three-year time charter with an unnamed liner company, expected to generate a combined total of approximately $140 million in revenue.

In addition, MPCC has secured new, charter contracts with a duration for approximately two years for four existing vessels: AS Serena, AS Sophia, AS Angelina, and AS Penelope.

As part of its fleet renewal, the company will divest three 1,300 TEU vessels with an average age of eighteen years. Constantin Baack, CEO of MPCC, stated that the measures reinforce the company's ongoing strategy to operate a modern and efficient fleet.

Following these developments, MPCC has raised its 2025 EBITDA guidance to between $320 million and $335 million. The company also recently drew under two new debt facilities totaling $102 million from KFW-IPEX and Deutsche Bank to support its fleet renewal efforts.