News / Improved charter rates a bonus for MPC Container Ships as it sails into the black

Norwegian container feeder vessel owner MPC Container Ships said charter rates and second-hand vessel values rose “significantly” in the first six months of this year.

The booming market for smaller containerships enabled MPC to post a net profit of $2.3m in the six months to 30 June.

Established in April 2017 to focus on feeder ships of 1,000-3,000 teu, the Oslo stock exchange-listed company rapidly built up a portfolio of more than 60 vessels in little over a year.

MPC acquired four small containerships ...