MPC Container Ships (MPCC) presented its third quarter 2025 results, reporting solid operational and financial performance, supported by its contract portfolio, with 100% of open days covered in 2025, 92% in 2026, and 55% in 2027.
The company continues to divest less efficient vessels. In total, it has divested 10 this year, in addition to ordering 10 newbuild vessels for delivery starting in 2027.
Following the distribution policy, a quarterly dividend of USD 0.05 per share is declared, corresponding to 50% of adjusted net profit.
Among the highlights of the third quarter of 2025, MPCC indicates a charter contract portfolio of USD 1,600 million; it increased its 2025 forecast for operating revenues in the range of USD 500-510 million and EBITDA between USD 330-340 million.
Continued robust operations with high fleet utilization of 97.6% (Q3 2024: 97.3%) and an adjusted average TCE of USD 26,523 per day (Q3 2024: USD 26,334); operating revenues of USD 125.9 million (USD 132.5 million) and EBITDA of USD 83.5 million (USD 84.8 million). EBITDA adjusted for non-recurring items was USD 74.9 million (USD 78.8 million).
The balance sheet remains solid, with 28 vessels debt-free and a leverage ratio of 34.6%. Eleven new charter contracts of approximately two years were secured, adding USD 110 million to the revenue backlog.
The Group’s fleet consisted of 51 vessels, with a total capacity of approximately 130,000 TEU. Furthermore, the Group has orders for 11 newbuild vessels, increasing the total capacity to approximately 170,000 TEU.
MPCC’s Co-CEO and CFO, Moritz Fuhrmann, commented that “the performance in the third quarter demonstrates continued value creation, highlighting our ability to make the most of market conditions, leverage opportunities, and execute effectively. We are particularly excited about our newbuild program, which includes state-of-the-art vessels, that will further enhance our fleet and drive long-term growth.”
“We remain focused on what we can control and have proactively increased the charter portfolio, providing us with good visibility in the coming years. Through strategic fleet modernization, balancing divestments and newbuilds, disciplined capital allocation, and securing future contracts, we demonstrate our commitment to generating long-term value for our shareholders,” added Fuhrmann.
CEO Constantin Baack stated that “amid growing market noise and uncertainty, MPCC stands firm in the resilient small and mid-size container ship segment. Our flexible balance sheet and a disciplined capital approach allow us to face volatility while forging strong partnerships that drive long-term value creation.”
“Our execution capability and our proven track record of results through all cycles give us the confidence to continue generating attractive returns for our shareholders, regardless of market conditions,” concluded Baack.
