MPC Container Ships ASA

OSE:MPCC

Business Description

Sector

Industrials

Industry

Marine

Headquarters

Norway NO

Employees

40

IPO date

Apr 28, 2017

MPC Container Ships ASA is a shipowner that buys and operates container vessels, the cargo ships used to move boxes of consumer and industrial goods around the world. It does not run the global shipping lines themselves; instead, it owns the ships and leases them out on charter contracts to container carriers that need extra vessel capacity.

Its customers are mainly large liner shipping companies and other cargo operators. MPC Container Ships makes money by earning charter hire for the ships it owns, so its business is tied to the demand for container transport and the availability of vessel capacity rather than to selling physical goods.

What makes the business model different is that it sits one step behind the famous shipping brands: the company provides the ships, while its customers handle the routes, bookings, and freight sales. That gives it a more asset-based role in the shipping value chain, focused on owning usable vessels, keeping them employed, and collecting contracted charter income.