Oslo, Norway, 26 August 2026 - MPC Container Ships ("MPCC" or the "Company", Oslo Børs Ticker: MPCC), today announced its results for the second quarter of 2026, reporting another quarter of consistent operational performance underpinned by a substantial contracted charter backlog and continued progress on its fleet renewal program.
Highlights Q2 2026:
* Charter backlog of USD 2.2 billion with 99% contract coverage for 2026 and high coverage for 2027 (85%), 2028 (60%) as well as 2029 (39%)
* Quarterly recurring dividend of USD 0.04 per share
* Continued robust operations with high fleet utilization of 98.8% (Q2 2025:
97.6%) and adj. average TCE of USD 24,951 per day (Q2 2025: USD 26,247)
* Operating revenues of USD 116.9 million (Q2 2025: USD 137.9 million) and EBITDA of USD 95.4 million (Q2 2025: USD 107.4 million). EBITDA adjusted for non-recurring items was USD 65.0 million (Q2 2025: USD 80.7 million)
* The balance sheet remains solid, with 30 debt-free vessels and a leverage ratio of 28.4%
* The Group's fleet consisted of 65 vessels, with an aggregate capacity of approximately 186,000 TEU, of which 17 were newbuildings on order. One of the newbuildings was delivered in August.
CEO Constantin Baack comments:
"The second quarter was another quarter of consistent performance and a reminder of the value of contracted visibility in a market that remains volatile and hard to predict. In our segment the market stayed firm, with tight supply of modern tonnage and resilient demand from intra-regional trade and continued supply chain disruptions. Our fleet renewal strategy is delivering results, and our long-term charter coverage provides as a natural hedge that secures earnings independent of market swings. With a contracted revenue backlog of USD 2.2 billion and coverage extending well into 2028 and beyond, visibility has become one of our most valuable assets."
Co-CEO and CFO Moritz Fuhrmann added:
"We continued to advance our fleet renewal on a sound financial footing. We secured a new USD 375 million senior secured term loan to finance ten of the newbuildings ordered last year, and shortly after quarter-end completed an oversubscribed USD 107 million private placement that restored balance-sheet flexibility and brought in a number of new investors. Our balance sheet remains conservative, with moderate leverage and a significant portion of the fleet debt-free, positioning us to pursue further value-accretive opportunities for our shareholders."
The results will be presented in an earnings call at 08:00 CEST on 26 August 2026, followed by a Q&A session. The earnings call can be accessed through the following link: MPC Container Ships Audiocast Q2 2026 (https://qcnl.tv/p/If5fUM7ZW_Fm9UZaJ2AqiQ).
Investor contact:
Christine Arnesen Karsrud, Head of Investor Relations
ir@mpc-container.com
About MPC Container Ships:
MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider focusing on small to mid-size container ships. Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters. The Company is registered and has its business office in Oslo, Norway. For more information, please visit www.mpc-container.com.
Forward-looking statements:
This announcement includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts.
These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.
This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-08-26 07:00 CEST.