CEO Constantin Baack comments in relation to the announcement: “I am excited to announce the order of two carbon-neutral newbuildings with long-term time charters. Together with our partners NCL and Elkem, this project allows us to set up a green transportation corridor in Northern Europe, proving our ability to identify and execute on opportunities that are accretive whilst allowing us to make the right move towards a further decarbonisation of the fleet. It also demonstrates that we can meet ambitious environmental goals by joining forces with like-minded partners and we are looking forward to facilitating a green container shipping supply chain along the Norwegian coastline.
We believe that regional container trades with their specific features such as predictable trading profiles and manageable investments in fuel infrastructure will likely become the first truly green shipping trades.
With this project we continue to execute our selective growth strategy whilst mitigating residual value risk and renewing our fleet. The economics of this deal will support MPCC’s distribution potential from 2024 onwards.
With the most recent USD 71m dividend payment, MPCC has YTD 2022 distributed a total of USD 271m to its shareholders, emphasizing our strong commitment to returning capital to investors, which will remain our key priority going forward.”
