MPC Container Ships ASA
SWB:MP2
MPC Container Ships ASA
MPC Container Ships ASA engages in the investment in and operation of shipping assets. The company is headquartered in Oslo, Oslo. The company went IPO on 2017-04-28. The Groups principal business activity is to invest in and operate maritime assets in the container ship segment. The firm focuses on the ownership and operation of smaller container vessels deployed in regional and intra-regional services due to a combination of distance, volumes and port infrastructure restrictions as well as flexibility requirements e.g. transshipment of containers from large vessels at deep water ports into smaller vessels serving minor ports in the regions. Intra-regional services support main services by connecting ports on international shipping lanes with one or more smaller ports, which are not services by the main line vessels.
MPC Container Ships ASA engages in the investment in and operation of shipping assets. The company is headquartered in Oslo, Oslo. The company went IPO on 2017-04-28. The Groups principal business activity is to invest in and operate maritime assets in the container ship segment. The firm focuses on the ownership and operation of smaller container vessels deployed in regional and intra-regional services due to a combination of distance, volumes and port infrastructure restrictions as well as flexibility requirements e.g. transshipment of containers from large vessels at deep water ports into smaller vessels serving minor ports in the regions. Intra-regional services support main services by connecting ports on international shipping lanes with one or more smaller ports, which are not services by the main line vessels.
Strong Quarter: MPC Container Ships reported continued strong financial performance in Q4 2025, with revenue of $126 million and adjusted EBITDA of $75 million.
Full Year Results: For the full year 2025, revenue was $518 million and adjusted EBITDA reached $306 million, both above the prior quarter.
Dividend: The Board declared a $0.05 per share dividend for Q4, bringing the full-year 2025 dividend to $0.23 per share.
Guidance: For 2026, the company guides for revenue between $450 million and $460 million and EBITDA between $240 million and $260 million.
Fleet Renewal: The company expanded its newbuild program to 17 vessels and divested older ships, lowering the average fleet age and growing Eco vessel share to 75%.
Charter Coverage: Forward revenue backlog stands at approximately $2 billion, with 97% coverage for 2026 and 58% for 2027.
Balance Sheet: Liquidity remains strong at $425 million at year-end 2025, with a leverage ratio of 33% and net debt reduced to $150 million.
Market Outlook: Management sees continued volatility and uncertainty in container shipping, but expects tight vessel supply and resilient feeder market demand in 2026.
