MPC Container Ships ASA

MPCC Continues Strategic Fleet Renewal Initiatives

MPC Container Ships (MPCC) announces further measures in its journey towards

fleet renewal and decarbonization, showcasing the Company's commitment to

industry innovation and long-term shareholder value.

As part of its comprehensive retrofit program for 2024, MPCC has entered into

joint retrofit agreements with various charter customers. Under these

agreements, both the charterer and MPCC will share the costs of retrofit

investments followed by an extension of the vessels time-charter contracts. This

collaborative effort reduces open charter positions, increases contract coverage

for 2024 and beyond and enhances the overall efficiency of the fleet, in

alignment with MPCC's strategic objectives.

In another strategic initiative, MPCC has partnered with Unifeeder in a joint

investment for the construction of a 1,250 TEU dual-fuel methanol newbuilding.

Scheduled for delivery in late 2026, this vessel will be under a 7-year time

-charter agreement with Unifeeder post-delivery, significantly mitigating

residual value risks. The structure of this investment underscores MPCC's

commitment to reducing carbon emissions, while protecting long-term shareholder

value.

These most recent initiatives align with MPCC's strategy for fleet renewal and

optimization, positioning the Company as a fuel-agnostic early-mover and

knowledge partner in fostering a more sustainable shipping industry. Through

these selective investments, MPCC not only aims to reduce its carbon footprint

but also to create long-term shareholder value by extending charters and

enhancing the long-term competitiveness of its fleet, while remaining committed

to its low-leverage strategy and distribution policy.

CEO, Constantin Baack and CFO, Moritz Fuhrmann, will offer additional insights

into the Company's strategic development and fleet renewal strategy during

MPCC's Q4 2023 earnings call on February 27th, 2024, at 15:00 CET / 09:00 ET.

The Q4 2023 webcast will be streamed live via the following link:

https://channel.royalcast.com/landingpage/hegnarmedia/20240227_3/

For further enquiries, please contact:

About MPC Container Ships ASA

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.

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