Company

About us

MPC Container Ships' main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company was formed in April 2017. It is registered and has its business office in Oslo, Norway. MPC Container Ships ASA is listed on Oslo Stock Exchange with ticker code “MPCC”. 

Company Presentation 06/2018

Focus

The Management of MPC Container Ships ASA has been active in the shipping industry for decades. Specifically looking at the market dynamics for the container feeder segment and analyzing supply and demand patterns in intra-regional trades, a favorable development in the near to mid-term occurs in this sector. Additionally, asset values are historically low, protected by high recycling prices.

Management

Constantin Baack, CEO
Constantin Baack has worked for the shipping company Hamburg Süd in Sydney and the auditing company Ernst & Young in Hamburg and Shanghai before joining the MPC Group in 2008. Since then, he has held various managerial positions in Germany and abroad, including Head of Shipping of the MPC Group, Managing Director of Ahrenkiel Steamship GmbH and CFO of Frankfurt-listed MPC Capital AG. Mr. Baack holds a Graduate Diploma and a Master of Science in international business from the University of Sydney.

Harald Wilke, CFO
Harald Wilke has accumulated over 15 years of financial management experience, most recently as Managing Director and CFO of several business units within thyssenkrupp group, the German industrial engineering and steel production conglomerate, in Germany and Norway. Previously Mr. Wilke worked for PricewaterhouseCoopers' corporate finance consultancy.
Mr. Wilke graduated with a Master’s degree from Ludwig-Maximilians Universität München and holds a MBA from IE Business School in Madrid.

Board

Board of Directors

Ulf Holländer, Chairman 

Dr. Axel Schroeder, Director

Laura Carballo, Director

Ellen Hanetho, Director

Darren Maupin, Director

fleet

Built 2007
Yard Zhejiang Yangfan, China
TEU 966
Reefer plugs 326
DWT 11,850
Gear Geared
Built 2008
Yard Zhejiang Yangfan, China
TEU 966
Reefer plugs 326
DWT 11,850
Gear Geared
Built 2008
Yard Dae Sun Shipyard, South Korea
TEU 982
Reefer plugs 180
DWT 11,814
Gear Gearless
Built 2008
Yard Dae Sun Shipyard, South Korea
TEU 1,049
Reefer plugs 180
DWT 12,790
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,296
Reefer plugs 390
DWT 18,278
Gear Geared
Built 2005
Yard Peene-Werft GmbH, Germany
TEU 1.223
Reefer plugs 178
DWT 17,266
Gear Gearless
Built 2005
Yard Jiangsu Yangzijang Shipbuilding Co, China
TEU 1.345
Reefer plugs 449
DWT 17,350
Gear Geared
Built 2004
Yard Peene-Werft GmbH, Germany
TEU 1.223
Reefer plugs 178
DWT 17,266
Gear Geared
Built 2008
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,298
Gear Geared
Built 2008
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,550
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,236
Gear Geared
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,349
Gear Geared
Built 2006
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,296
Reefer plugs 390
DWT 18,291
Gear Geared
Built 2005
Yard Peene-Werft GmbH, Germany
TEU 1,223
Reefer plugs 178
DWT 17,281
Gear Gearless
Built 2008
Yard Jiangsu Yangzijiang Shipbuilding Co, China
TEU 1,350
Reefer plugs 445
DWT 17,350
Gear Geared
Built 2003
Yard Peene-Werft, Gemany
TEU 1,200
Reefer plugs 150
DWT 16,422
Gear Gearless
Built 2003
Yard Peene-Werft, Gemany
TEU 1,200
Reefer plugs 150
DWT 16,421
Gear Gearless
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,296
Reefer plugs 390
DWT 18,270
Gear Geared
Built 2007
Yard Zhejiang Ouhua Shipbuilding, China
TEU 1,284
Reefer plugs 390
DWT 18,278
Gear Geared
Built 2008
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 1,296
Reefer plugs 586
DWT 18,550
Gear Gearless
Built 2009
Yard Jiangsu Yangzijang
TEU 1,345
Reefer plugs 449
DWT 17,350
Gear Geared
Built 2007
Yard Peene-Werft GmbH, Germany
TEU 1.440
Reefer plugs 174
DWT 20,335
Gear Gearless
Built 2009
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 276
DWT 21,120
Gear Gearless
Built 2012
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 368
DWT 21,800
Gear Gearless
Built 2006
Yard Peene-Werft GmbH, Germany
TEU 1.440
Reefer plugs 174
DWT 20,291
Gear Gearless
Built 2009
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 276
DWT 21,281
Gear Gearless
Built 2009
Yard Zhejiang Ouhua Shipbuilding Co, China
TEU 1,496
Reefer plugs 276
DWT 21,206
Gear Gearless
Built 2009
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2009
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2009
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2012
Yard Guangzhou Wenchong Shipyard Co Ltd.
TEU 1,740
Reefer plugs 300
DWT 23,367
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2007
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 300
DWT 22,314
Gear Geared
Built 2008
Yard Taizhou Kouan Shipyard Co, China
TEU 1.794
Reefer plugs 319
DWT 25,899
Gear Geared
Built 2008
Yard Taizhou Kouan Shipyard Co, China
TEU 1.794
Reefer plugs 319
DWT 25,899
Gear Geared
Built 2007
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 300
DWT 22,314
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2010
Yard CSBC Corp Taiwan - Keelung
TEU 1,713
Reefer plugs 377
DWT 22,314
Gear Geared
Built 2007
Yard Aker MTW Werft GmbH
TEU 2,127
Reefer plugs 400
DWT 30,607
Gear Geared
Built 2006
Yard STX Shipbuilding - Jinhae, South Korea
TEU 2.572
Reefer plugs 440
DWT 34,600
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.556
Reefer plugs 600
DWT 34,567
Gear Geared
Built 2005
Yard Aker MTW Werft GmbH
TEU 2.478
Reefer plugs 400
DWT 33,900
Gear Geared
Built 2006
Yard STX Shipbuilding – Jinhae, South Korea
TEU 2,572
Reefer plugs 440
DWT 34,495
Gear Geared
Built 2006
Yard SSW Schichau Seebeck Shipyard GmbH, Germany
TEU 2.498
Reefer plugs 400
DWT 34,393
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.566
Reefer plugs 600
DWT 34,287
Gear Geared
Built 2006
Yard STX Shipbuilding - Jinhae, South Korea
TEU 2.572
Reefer plugs 600
DWT 34,704
Gear Gearless
Built 2005
Yard STX Shipbuilding - Jinhae, South Korea
TEU 2.572
Reefer plugs 600
DWT 34,740
Gear Gearless
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2.556
Reefer plugs 600
DWT 34,314
Gear Geared
Built 2004
Yard Hyundai Heavy Industries, South Korea
TEU 2,566
Reefer plugs 600
DWT 34,282
Gear Geared
Built 2008
Yard Xiamen Shipbuilding Industry Co Ltd
TEU 2,564
Reefer plugs 342
DWT 34,221
Gear Geared
Built 2008
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,446
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,200
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,374
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2006
Yard Aker MTW Werft GmbH, Germany
TEU 2,742
Reefer plugs 400
DWT 37,882
Gear Geared
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,155
Gear Gearless
Built 2006
Yard Aker MTW Werft GmbH, Germany
TEU 2,742
Reefer plugs 400
DWT 37,882
Gear Geared
Built 2006
Yard Aker MTW Werft, Germany
TEU 2,742
Reefer plugs 400
DWT 37,937
Gear Gearless
Built 2006
Yard STX Shipbuilding, South Korea
TEU 2,846
Reefer plugs 586
DWT 38,608
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,159
Gear Gearless
Built 2006
Yard Aker MTW Werft GmbH, Germany
TEU 2,742
Reefer plugs 400
DWT 37,882
Gear Geared
Built 2006
Yard Aker MTW Werft, Germany
TEU 2,742
Reefer plugs 400
DWT 37,929
Gear Gearless
Built 2005
Yard Aker MTW Werft, Germany
TEU 2,741
Reefer plugs 400
DWT 37,883
Gear Gearless
Built 2006
Yard Hyundai Mipo Dockyard Co Ltd, South Korea
TEU 2,824
Reefer plugs 586
DWT 39,425
Gear Gearless
Built 2002
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,358
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless
Built 2003
Yard Hyundai Mipo Dockyard, South Korea
TEU 2,824
Reefer plugs 554
DWT 39,383
Gear Gearless

News

Notification of primary insider trading cf. STA Sec. 4-2

Oslo, 11 October 2018

With reference to Section 4-2 of the Norwegian Securities Trading Act ("STA"), kindly note the following primary insider trade:

Name of listed entity: MPC Container Ships ASA
ISIN number: NO0010791353
Stock ticker: MPCC
Name of primary insider: STAR Spike Ltd.
Relation to listed entity: Shareholder represented on the company's Board of Directors
Trade: 711,500 shares purchased
Date: 11.10.2018
Average price: NOK 42.00 per share
Primary insider's total shareholdings post-trade: 16,346,000 shares
Primary insider's percentage shareholding post-trade: 19.4011%

Notification of primary insider trading cf. STA Sec. 4-2

Oslo, 5 October 2018

With reference to Section 4-2 of the Norwegian Securities Trading Act ("STA"), kindly note the following primary insider trade:

Name of listed entity: MPC Container Ships ASA
ISIN number: NO0010791353
Stock ticker: MPCC
Name of primary insider: Dr. Axel Schroeder
Relation to listed entity: Member of the Board of Directors
Trade: 28,000 shares purchased
Date: 04.10.2018
Average price: NOK 45.20 per share
Primary insider's total shareholdings post-trade: 209,000 shares
Primary insider's percentage shareholding post-trade: 0.2481%

Notification of primary insider trading cf. STA Sec. 4-2

Oslo, 28 September 2018

With reference to Section 4-2 of the Norwegian Securities Trading Act ("STA"), kindly note the following primary insider trade:

Name of listed entity: MPC Container Ships ASA
ISIN number: NO0010791353
Stock ticker: MPCC
Name of primary insider: Dr. Axel Schroeder
Relation to listed entity: Member of the Board of Directors
Trade: 32,000 shares purchased
Date: 27.09.2018
Average price: NOK 47.00 per share
Primary insider's total shareholdings post-trade: 181,000 shares
Primary insider's percentage shareholding post-trade: 0.2148%

Notification of primary insider trading cf. STA Sec. 4-2

Oslo, 10 September 2018

With reference to Section 4-2 of the Norwegian Securities Trading Act ("STA"), kindly note the following primary insider trade:

Name of listed entity: MPC Container Ships ASA
ISIN number: NO0010791353
Stock ticker: MPCC
Name of primary insider: Dr. Axel Schroeder
Relation to listed entity: Member of the Board of Directors
Trade: 29,000 shares purchased
Date: 07.09.2018
Average price: NOK 49.40 per share
Primary insider's total shareholdings post-trade: 149,000 shares
Primary insider's percentage shareholding post-trade: 0.1768%

Notification of primary insider trading cf. STA Sec. 4-2

Oslo, 5 September 2018

With reference to Section 4-2 of the Norwegian Securities Trading Act ("STA"), kindly note the following primary insider trade:

Name of listed entity: MPC Container Ships ASA
ISIN number: NO0010791353
Stock ticker: MPCC
Name of primary insider: Dr. Axel Schroeder
Relation to listed entity: Member of the Board of Directors
Trade: 90,286 shares purchased
Date: 04.09.2018
Average price: NOK 51.40 per share
Primary insider's total shareholdings post-trade: 120,000 shares
Primary insider's percentage shareholding post-trade: 0.1424%

Notification of primary insider trading cf. STA Sec. 4-2

Oslo, 4 September 2018

With reference to Section 4-2 of the Norwegian Securities Trading Act ("STA"), kindly note the following primary insider trade:

Name of listed entity: MPC Container Ships ASA
ISIN number: NO0010791353
Stock ticker: MPCC
Name of primary insider: Dr. Axel Schroeder
Relation to listed entity: Member of the Board of Directors
Trade: 29,714 shares purchased
Date: 03.09.2018
Average price: NOK 50.37 per share
Primary insider's total shareholdings post-trade: 29,714 shares
Primary insider's percentage shareholding post-trade: 0.0353%

MPC Container Ships ASA reports H1 and Q2 2018 results and appoints CFO

- Further fleet ramp-up: from 41 acquired vessels as per year-end 2017 to 68 acquired vessels as per 30 June 2018.
-
H1 2018 net profit USD 2.3 million. Further growth in net profit expected also for second half and full-year 2018.

Oslo, 31 August 2018

H1 and Q2 2018 results:

MPC Container Ships ASA ("MPCC" or the "Company", together with its subsidiaries the "Group") today published its interim financial report for the six-month period ended 30 June 2018. The Group succeeded in realising a net profit of USD 2.3 million for H1 2018.
- Total revenue was USD 46.9 million in Q2 2018, compared to USD 28.3 million in Q1 2018. For H1 2018, total revenue was USD 75.2 million.

- EBITDA was USD 13.3 million in Q2 2018, compared to USD 8.0 million in Q1 2018. For H1 2018, EBITDA was USD 21.2 million.

- Average time charter equivalent (TCE) was USD 9,841 per day in Q2 2018 (USD 9,352 per day in Q1 2018) and USD 9,647 per day in H1 2018.

As of 30 June 2018, the Group has acquired 68 container vessels. Of these, 66 vessels have been taken over by the balance sheet date, whereof 58 are fully consolidated and eight are operated in a joint venture.


H1 2018 earning call:
The Company will host a webcast for the presentation of the H1 and Q2 2018 results commencing on 31 August 2018 at 15:00 hours CEST. There will be a Q&A session after the presentation.

The webcast can be accessed through the following link:
https://digital.vevent.com/rt/mpc-container/index.jsp?seid=13

Please note that for optimal viewing, it is recommended not to use VPN, but instead to connect directly to the internet. Please disable pop-up blockers in order to view the content in its entirety.

This event is being streamed. It is recommended that you listen via your computer speakers.

International/Toll Attendee Dial In: +44 (0) 2071928000
Conference ID: 9561389


Appointment of Chief Financial Officer:
The Company today announced the appointment of Harald Wilke as Chief Financial Officer, effective 1 September 2018.

Mr. Wilke brings to MPCC over 15 years of financial management experience, most recently as Managing Director and CFO of several business units within thyssenkrupp group, the German industrial engineering and steel production conglomerate, in Germany, Norway and Hong Kong. Previously Mr. Wilke worked for PricewaterhouseCoopers as a corporate finance consultant.


Further information and contact:
ir@mpc-container.com

About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code “MPCC”) was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com

Investor Relations

Listing

MPC Container Ships ASA is listed on the Oslo Stock Exchange with ticker code “MPCC”. The Company has issued 84,253,000 common shares each with a par value NOK 10.00, registered in the Norwegian Central Securities Depository (VPS) with ISIN NO 001 0791353.

Listing Prospectus


MPC Container Ships Invest B.V., a wholly-owned subsidiary of MPC Container Ships ASA, has issued a senior secured bond facility of total USD 200 million (FRN Senior Secured USD 200,000,000 bonds 2017/2022). The bond is listed on the Oslo Stock Exchange with ticker code "MPCBV", registered in the Norwegian Central Securities Depository (VPS) with ISIN NO 001 0805872.

Registration Document
Securities Note
1st Supplement to Registration Document
2nd Supplement to Registration Document

Calendar

28.02.2018         Quarterly Report - Q4 2017 

30.03.2018         Annual Report

25.04.2018         Annual General Meeting

31.05.2018         Quarterly Report - Q1

31.08.2018         Half-yearly Report

30.11.2018         Quarterly Report - Q3

 

Analysts

The Company’s stock is covered by:


Fearnley Securities 

Analyst: Espen L. Fjermestad
Email: e.fjermestad@fearnleys.no
Phone: +47 22 93 64 84

DNB Markets
Analyst: Nicolay Dyvik
Email: nicolay.dyvik@dnb.no
Phone: +47 24 16 91 87

Berenberg Capital Markets

Analyst: Donald McLee

Email: donald.mclee@berenberg-us.com

Phone: +1 646 949 9026

Arctic Securities
Analyst: Jo Ringheim
Email: jo.ringheim@arctic.com
Phone: +47 21 01 32 29

Carnegie
Analyst: Marius Furuly
Email: marius.furuly@carnegie.no
Phone: +47 22 00 93 37

SpareBank 1 Markets
Analyst: Jan-Tore Christiansen
Email: jtc@sb1markets.no
Phone: +47 24 13 36 19

Contact

General

Registered / visiting address

MPC Container Ships ASA

Dronning Mauds gate 3

0250 Oslo, Norway

  

Post address

MPC Container Ships ASA
P.O. Box 1251 Vika
0111 Oslo, Norway

contact@mpc-container.com