MPC fleet growth ambitions challenged by rise in second-hand vessel prices

Niche sector specialist MPC Container Ships posted its first quarterly profit in Q3 as it looked to boost its fleet of feeder vessels.
But the shipowner’s¬†growth strategy is being challenged by a spike in second-hand vessel prices.
As at 30 September, the Oslo-listed start-up operated a fleet of 22 feederships, ranging from 966 teu to 2,824 teu, of which 10 were acquired in the third quarter.
Additionally, MPC purchased four other¬†vessels in the …

The post MPC fleet growth ambitions challenged by rise in second-hand vessel prices appeared first on The Loadstar.

Source: The Loadstar

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