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 04/2018

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, Managing Director

Constantin Baack studied business administration at the University of Hamburg and the University of Sydney and received a Graduate Diploma and a Master of Science in international business from the University of Sydney. Prior to joining the MPC Group he worked for the shipping company Hamburg Süd in Sydney and the auditing company Ernst & Young in Hamburg and Shanghai. Constantin Baack joined the MPC Group in April 2008 and since then held various managerial positions in Germany and abroad, including Head of Shipping of the MPC Group and managing director of Ahrenkiel Steamship. He was appointed as the CFO of MPC Capital AG in April 2015.


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 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

Share capital registered

Reference is made to the announcement on 13 June 2018 by MPC Container Ships ASA (the "Company") regarding the successful completion of the private placement of 7,250,000 new shares raising gross proceeds of USD 50 million (the "Private Placement"). The Board of Directors of the Company has approved the share capital increase relating to the issuance of the new shares in the Private Placement.

The share capital increase pertaining to 6,286,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 832,890,000 divided into 83,289,000 shares, each with a nominal value of NOK 10.00.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

MPCC – Share capital registered

Reference is made to the announcement on 13 June 2018 by MPC Container Ships ASA (the "Company") regarding the successful completion of the private placement of 7,250,000 new shares raising gross proceeds of USD 50 million (the "Private Placement"). The Board of Directors of the Company has approved the share capital increase relating to the issuance of the new shares in the Private Placement.

The share capital increase pertaining to 6,286,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 832,890,000 divided into 83,289,000 shares, each with a nominal value of NOK 10.00.

The share capital increase pertaining to the remaining 964,000 new shares is expected to be registered with the Norwegian Register of Business Enterprises on or about 29 June 2018. A new announcement will be made when this has taken place.
DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as managers for the Private Placement.

For further queries, please 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.

This information is subject of the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.

 

MPC Container Ships Invest B.V.: Approval of Prospectus, Supplementary Prospectus and Listing of Bond

MPC Container Ships Invest B.V. (the "Company", together with its subsidiaries the "Group") is a wholly owned subsidiary of MPC Container Ships ASA (ticker: MPCC). The Company has issued a senior secured bond facility of total USD 200 million (the "Bond") and is incorporated as a private limited liability company and domiciled in the Netherlands, with registered address at Strawinskylaan 835, World Trade Center, Tower B, 8th floor, Amsterdam NL1077, the Netherlands and Dutch enterprise number 69545103. The principal activity of the Group is the investment in as well as operating and financing container vessels.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Oslo, 14 June 2018

MPCC – MPC Container Ships Invest B.V.: Approval of Prospectus, Supplementary Prospectus and Listing of Bond

MPC Container Ships Invest B.V. (the "Company", together with its subsidiaries the "Group") is a wholly owned subsidiary of MPC Container Ships ASA (ticker: MPCC). The Company has issued a senior secured bond facility of total USD 200 million (the "Bond") and is incorporated as a private limited liability company and domiciled in the Netherlands, with registered address at Strawinskylaan 835, World Trade Center, Tower B, 8th floor, Amsterdam NL1077, the Netherlands and Dutch enterprise number 69545103. The principal activity of the Group is the investment in as well as operating and financing container vessels.

The Financial Supervisory Authority of Norway (Finanstilsynet) has inspected and approved a registration document, security note and summary constituting an approved prospectus for the Company dated 23 March 2018 (the "Prospectus"), related to the application for listing of the Bond with ISIN NO0010805872 on Oslo Børs, in accordance with the Norwegian Securities Trading Act (verdipapirhandelloven) sections 7-7 and 7-8.
Finanstilsynet is of the opinion that the registration document, security note and summary complies with the requirements of the Norwegian Securities Trading Act section 7-13, cf. the Norwegian Securities Trading Regulation (verdipapirforskriften) section 7-13 and hence the Commission  Regulation (EC) no. 809/2004 annexes IV, V, VI and XXII.

On 5 June 2018,
Finanstilsynet approved a supplement to the Prospectus (the "first Supplementary Prospectus"). The first Supplementary Prospectus has been prepared in connection with the publication of the Company's annual report 2017.

On 8 June 2018,
Finanstilsynet approved a second supplement to the Prospectus (the "second Supplementary Prospectus"). The second Supplementary Prospectus has been prepared in connection with the publication of the Company's first quarter report 2018.

The Prospectus, the first and second Supplementary Prospectus will be available on the website of MPC Container Ships ASA: www.mpc-container.com.

The first day of trading of the Bond on Oslo Børs is expected to commence today, 14 June 2018 at 09:00 hours (CEST) under the ticker code "
MPCBV ".

For further queries, please contact:
ir@mpc-container.com.

This information is subject to the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.

 

Completed private placement

MPC Container Ships ASA ("MPCC" or the "Company") announces the successful completion of the private placement of 7,250,000 million new shares announced on 12 June 2018 (the "Private Placement"). The Private Placement was completed at a fixed subscription price of NOK 54 per share.

The Private Placement will raise gross proceeds of approximately USD 50 million. The net proceeds from the Private Placement will be used to pursue future investments
in container vessels and general corporate purposes.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

MPCC – Completed private placement

MPC Container Ships ASA ("MPCC" or the "Company") announces the successful completion of the private placement of 7,250,000 million new shares announced on 12 June 2018 (the "Private Placement"). The Private Placement was completed at a fixed subscription price of NOK 54 per share.

The Private Placement will raise gross proceeds of approximately USD 50 million. The net proceeds from the Private Placement will be used to pursue future investments
in container vessels and general corporate purposes.

DNB Markets, a part of DNB Bank ASA, and Fearnley Securities AS have acted as joint lead managers and bookrunners (the "Joint Bookrunners") in the Private Placement, and Arctic Securities AS and Crédit Agricole CIB / Swedbank in co-operation with Kepler Cheuvreux have acted as co-managers (together with the Joint Bookrunners, the "Managers").

CSI Beteiligungsgesellschaft mbH has been allocated 659,500 new shares in the Private Placement. After completion of the Private Placement, CSI Beteiligungsgesellschaft mbH will own 10,987,500 shares in the Company, which represents 13.04% of the Company's shares. A fund managed by STAR Capital Partnership LLP has been allocated 964,000 new shares in the Private Placement. After completion of the Private Placement, STAR Capital Partnership LLP will hold 15,634,500 shares in the Company, which represents 18.56% of the Company's shares. Pilgrim Global ICAV has been allocated 208,500 new shares in the Private Placement. After completion of the Private Placement, Pilgrim Global ICAV will own 2,992,860 shares in the Company, which represents 3.55% of the Company's shares.

Following registration of the share capital increase pertaining the Private Placement with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 842,530,000 divided into 84,253,000 shares, each with a nominal value of NOK 10.

Delivery of
6,286,000 of the new shares will take place on or about 18 June 2018, subject to full and timely payment being received for such shares and the registration of the share capital increase relating to the issuance of such shares with the Norwegian Register of Business Enterprises. Settlement of the remaining 964,000 of the new shares will take place on or about 28 June 2018, subject to full and timely payment being received for these shares and the registration of the share capital increase relating to the issuance of such shares with the Norwegian Register of Business Enterprises. Each set of new shares will be admitted to trading on Oslo Børs when they have been issued. The new shares will have the same ISIN as the existing shares in the Company.

In connection with the Private Placement, the Board of Directors of the Company have resolved to set aside the pre-emptive rights of the existing shareholders. The Board of Directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

For further queries, please 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.

 

Important Notice:
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company.

Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in the United States. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan or South Africa or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of Australian, Canadian, Japanese, South African or United States securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in Australia, Canada, Japan, South Africa or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any securities laws of any state or other jurisdiction of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law. There will be no public offer of the securities in the United States.

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

This announcement is an advertisement and does not constitute a prospectus for the purposes of Directive 2003/71/EC (as amended, together with any applicable implementing measures in any Member State, the "Prospectus Directive").

In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward
looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

The Managers are acting exclusively for the Company and no one else in connection with the Private Placement and assume no responsibility for this announcement.

The Managers or any of its respective directors, officers, employees, advisers or agents do not accept any responsibility or liability whatsoever for/or make any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of announcement or its contents or otherwise arising in connection therewith.

Neither the Managers or any of its respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of announcement or its contents or otherwise arising in connection therewith.

This information is subject of the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.

Contemplated private placement

MPC Container Ships ASA ("MPCC" or the "Company") has retained DNB Markets, a part of DNB Bank ASA and Fearnley Securities AS as joint lead managers and bookrunners (the "Joint Bookrunners"), and Arctic Securities AS as co-manager (together with the Joint Bookrunners, the "Managers") to assist the Company with a private placement of up to 7,250,000 new shares with gross proceeds of a NOK equivalent of USD 40 – 50 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus, filing and registration requirements

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

MPCC - Contemplated private placement

MPC Container Ships ASA ("MPCC" or the "Company") has retained DNB Markets, a part of DNB Bank ASA and Fearnley Securities AS as joint lead managers and bookrunners (the "Joint Bookrunners"), and Arctic Securities AS as co-manager (together with the Joint Bookrunners, the "Managers") to assist the Company with a private placement of up to 7,250,000 new shares with gross proceeds of
a NOK equivalent of USD 40 – 50 million (the "Private Placement"). The Private Placement will be directed towards Norwegian and international investors, in each case subject to and in compliance with applicable exemptions from relevant prospectus, filing and registration requirements.

The subscription price will be fixed at NOK 54 per share and the Company has been informed by the Managers that the Private Placement is covered for at least USD
40 million.

The net proceeds from the Private Placement will be used for
(i) the acquisition of container vessels; (ii) working capital; and (iii) general corporate purposes. The Company is in the final stages of concluding several vessel acquisitions to be concluded at attractive prices.

The application period for the Private Placement will commence today, 12 June 2018 at 17:00 CEST and close on 13 June 2018 at 08:00 CEST (the "Application Period"). The Company may, together with the Managers, at their own discretion, extend or shorten the Application Period at any time and for any reason. The minimum order in the Private Placement has been set to the number of shares that equals an aggregate purchase price of the NOK equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from the prospectus requirement pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.

The allocation of new shares in the Private Placement will be made at the discretion of the Company's Board of Directors in consultation with the Joint Bookrunners. Completion of the Private Placement is subject to approval by the Board of Directors of the Company following the end of the Application Period. In connection with the Private Placement, the Board of Directors of the Company has resolved to set aside the pre-emptive rights of the existing shareholders. The Board of Directors considers this to be in the best interests of the Company and the shareholders since it will allow the Company to raise capital more efficiently than a rights offering would allow.

The new shares will be delivered as soon as practically possible after the registration of the share capital increase in the
Norwegian Register of Business Enterprises, expected on or about 18 June 2018. The new shares issued in the Private Placement will be made available for trading on Oslo Børs under the Company's existing ISIN upon delivery.


For further queries, please 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.

Important Notice
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company.

Neither this announcement nor any copy of it may be made or transmitted into the United States, or distributed, directly or indirectly, in the United States. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan or South Africa or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of Australian, Canadian, Japanese, South African or United States securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in Australia, Canada, Japan, South Africa or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful.


The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any securities laws of any state or other jurisdiction of the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with applicable state law.  There will be no public offer of the securities in the United States.


This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.


This announcement is an advertisement and does not constitute a prospectus for the purposes of Directive 2003/71/EC (as amended, together with any applicable implementing measures in any Member State, the "Prospectus Directive"). In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. Matters discussed in this announcement may constitute forward- looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to  any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.


The Managers are acting exclusively for the Company and no one else in connection with the Private Placement and assume no responsibility for this announcement. Neither the Managers or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and  howsoever transmitted or made available or for any loss howsoever arising from any use of announcement or its contents or otherwise arising in connection therewith.


This information is subject of the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.

MPC Container Ships ASA reports Q1 2018 results

MPC Container Ships ASA (together with its subsidiaries the “Group”) today published its interim financial report for the three-month period ended 31 March 2018. Although the Group is still in the start-up phase of its operation it succeeded in realizing a net profit of USD 0.5 million for Q1 2018 (Q4 2017: USD -2.1 million).

- Total revenues in Q1 2018 were USD 28.3 million, compared to USD 13.2 million in Q4 2017.
- EBITDA was USD 7.6 million (Q4 2017: USD 0.3 million) and an operating cash flow of USD 4.8 million was realized in the first quarter of 2018 (USD 3.2 million in Q4 2017).
- Average time charter equivalent (TCE) per vessel increased to USD 9,352 per day in Q1 2018 (Q4 2017: USD 7,901), while average operating expenses (OPEX) decreased to USD 4,810 per day in Q1 2018 (Q4 2017: USD 5,255).

Oslo, 31 May 2018 - MPC Container Ships ASA reports Q1 2018 results

MPC Container Ships ASA (together with its subsidiaries the “Group”) today published its interim financial report for the three-month period ended 31 March 2018. Although the Group is still in the start-up phase of its operation it succeeded in realizing a net profit of USD 0.5 million for Q1 2018 (Q4 2017: USD -2.1 million).

- Total revenues in Q1 2018 were USD 28.3 million, compared to USD 13.2 million in Q4 2017.
- EBITDA was USD 7.6 million (Q4 2017: USD 0.3 million) and an operating cash flow of USD 4.8 million was realized in the first quarter of 2018 (USD 3.2 million in Q4 2017).
- Average time charter equivalent (TCE) per vessel increased to USD 9,352 per day in Q1 2018 (Q4 2017: USD 7,901), while average operating expenses (OPEX) decreased to USD 4,810 per day in Q1 2018 (Q4 2017: USD 5,255).

As of 31 March 2018, the Group has acquired 64 container vessels. Of these, 59 vessels have been taken over by the balance sheet date, whereof 52 are fully consolidated and seven are operated in a joint venture.

Q1 2018 earning call:
MPC Container Ships ASA will host a webcast for the presentation of the Q1 2018 results commencing on 1 June 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/webcastingemea/index.jsp?seid=1218

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: 6836119

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.

MPC Container Ships ASA reports Q1 2018 results

MPC Container Ships ASA (the "Company") will be releasing its first quarter 2018 report prior to market opening on Thursday 31 May 2018.

The Company will host a webcast for the presentation of the report commencing on 1 June 2018 at 15:00 hours CEST, followed by a Q&A session. Dial-in information for the earnings call will be made available with the release of the first quarter 2018 report.

Oslo, 30 May 2018 - MPC Container Ships ASA reports Q1 2018 results

MPC Container Ships ASA (the "Company") will be releasing its first quarter 2018 report prior to market opening on Thursday 31 May 2018.

The Company will host a webcast for the presentation of the report commencing on 1 June 2018 at 15:00 hours CEST, followed by a Q&A session. Dial-in information for the earnings call will be made available with the release of the first quarter 2018 report.

For further queries, please 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.

Acquisition of three 2,500 TEU feeder container vessels / USD 200 million bond proceeds fully invested

Oslo, 22 May 2018 - MPC Container Ships ASA ("MPCC") is pleased to announce that it has entered into agreements with Triton Debt Opportunities S.C.A. and its subsidiary Victoria Schulte Shipping Ltd. regarding the acquisition of MV Victoria Schulte, a geared 2,500 TEU vessel built in 2005 at Aker MTW Werft, Germany (tbr "AS Paola"). The deal has been structured as a combined cash and share deal. MPCC will pay a total consideration of USD 11,800,000 and may at its discretion settle up to USD 2,990,000 of this amount by way of delivering new common shares in MPCC

Oslo, 22 May 2018 - MPC Container Ships ASA ("MPCC") is pleased to announce that it has entered into agreements with Triton Debt Opportunities S.C.A. and its subsidiary Victoria Schulte Shipping Ltd. regarding the acquisition of MV Victoria Schulte, a geared 2,500 TEU vessel built in 2005 at Aker MTW Werft, Germany (tbr "AS Paola"). The deal has been structured as a combined cash and share deal. MPCC will pay a total consideration of USD 11,800,000 and may at its discretion settle up to USD 2,990,000 of this amount by way of delivering new common shares in MPCC.

Additionally, MPCC has entered into agreements with Schifffahrtsgesellschaft MS "WELLE" mbH & Co. KG and Schifffahrtsgesellschaft MS "WOGE" mbH & Co. KG to acquire MV "Welle" (tbr "AS Penelope") and MV "Woge" (tbr "AS Pauline"), two gearless 2,500 TEU vessels built in 2005 and 2006 at STX Shipbuilding, Korea. The two vessels will be acquired for USD 11,000,000 each.

Physical takeover of the vessels is expected to take place in the second quarter of 2018, lifting the fleet of MPCC to a total of 68 vessels.

Of this, 40 vessels are owned and operated by MPC Container Ships Invest B.V. ("MPCC Invest"), a wholly-owned subsidiary of MPCC. MPCC Invest is pleased to announce that the proceeds of USD 200 million from the bond issue have successfully been disbursed from the Escrow Account and applied in accordance with the bond terms. MPCC Invest has now successfully taken over all vessels, including 15 initial vessels and 25 additional vessels. The acquisitions of these vessels have been financed, in part, by the bond proceeds.

MPCC Invest is incorporated as a private limited liability company and domiciled in the Netherlands. The bond issue MPC Container Ships Invest B.V. FRN Senior Secured USD 200,000,000 bonds 2017/2022 (ISIN NO 0010805872) is governed by bond terms dated 20 September 2017 as amended  by addendum no. 1 dated 12 February 2018 in connection with a tap issue between MPCC Invest as issuer and Nordic Trustee AS as trustee for the Bondholders.  

Constantin Baack, CEO of MPC Container Ships ASA, comments: "We are very pleased with the development in the past year. Within only 12 months, MPCC has become the largest owner globally of feeder container ships with a capacity of up to 3,000 TEU. During the same time charter rates in the segment have developed very positively. Although the supply and demand situation is now pointing towards a rebalancing with a much reduced idle fleet, the market continues to provide attractive acquisition opportunities. We are currently considering financing options to further grow our business, both via asset acquisitions or ship for share transactions. The recent main board listing on the Oslo Stock Exchange will make us even more interesting for global investors."

MPC Container Ships ASA 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. Since its inception, MPC Container Ships ASA successfully completed multiple rounds of funding in the capital markets. The amount raised through both equity and bond offerings currently totals USD 625 million (USD 425 million in equity, USD 200 million in bonds). The company managed to successfully deploy the capital in shipping transactions and thus built up a fleet of 68 vessels. MPC Container Ships ASA is listed on Oslo Stock Exchange with ticker code “MPCC”.

Further information and contact: ir@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 77,003,000 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

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