MPCC Buys Four Container Ships, Secures $375M Financing Maritime Activity Reports, Inc. June 25, 2026 © moofushi / Adobe Stock MPC Container Ships (MPCC) has agreed to acquire four eco-conventional container vessels for a total of $340 million, each backed by a three-year fixed-rate time charter with a top-five liner company, as it advances its fleet modernization program. The vessels, built in 2023 and 2024 and each with a capacity of 7,000 twenty-foot equivalent units (TEU), are expected to be delivered in October and November 2026, subject to inspection and customary closing conditions. The fixed-rate charters are expected to generate $180 million in revenue and $140 million in EBITDA over the three-year charter period, the company said. The acquisition will be funded through a combination of bank debt and existing cash resources. The company also fixed forward charters for two vessels and agreed to sell two non-strategic vessels as part of its fleet renewal strategy. MPCC has agreed to sell AS Selina for $24 million, with handover expected after the expiry of its current charter between the end of the fourth quarter of 2026 and early first quarter of 2027. Separately, it agreed to sell AS Angelina for $17 million, with delivery expected in the third quarter of 2026. The transactions lift MPCC's contracted revenue backlog to $2.2 billion and improve contract coverage to 99% for 2026, 74% for 2027 and 48% for 2028. "Global container shipping is undergoing a structural shift toward intra-regional trade, with feeder vessels and the mid-size segment up to 10,000 TEU set to benefit disproportionately. Modern, fuel-efficient tonnage in this size class remains undersupplied and these versatile workhorses, deployable across virtually any trade lane, are the natural successors to an ageing fleet of classic Panamaxes and first-generation post-Panamax ships. “Against this backdrop, we are acquiring highly attractive assets at a compelling valuation, backed by three years of