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 …

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Source: The Loadstar