MPC Container Ships ASA

Earnings Release • Nov 30, 2018

MPC Container Ships ASA reports Q3 and nine month 2018 results

MPC Container Ships ASA reports Q3 and nine month 2018 results

·  Fleet ramp-up completed: all 69 vessels taken over end-of Q3 2018.

·  Q3 2018 EBITDA USD 14.6 million. Q3 YTD 2018 EBITDA USD 35.8 million.

·  Q3 2018 net profit USD 1.2 million. Q3 YTD 2018 net profit USD 3.5 million.

Oslo, 30 November 2018

Q3 and nine month 2018 results:

MPC Container Ships ASA ("MPCC" or the "Company", together with its subsidiaries

the "Group") today published its interim financial report for the nine-month

period ended 30 September 2018. The Group succeeded in realising a net profit of

USD 3.5 million for Q1 - Q3 2018.

·  Total revenue was USD 55.8 million in Q3 2018, compared to USD 46.9 million

in Q2 2018. For Q3 YTD 2018, total revenue was USD 131.0 million.

·  EBITDA were USD 14.6 million in Q3 2018, compared to USD 13.3 million in Q2

2018. For Q3 YTD 2018, EBITDA were USD 35.8 million.

·  Average time charter equivalent ("TCE") was USD 10,230 per day in Q3 2018

(USD 9,841 per day in Q2 2018) and USD 9,881 per day in Q3 YTD 2018.

As of 30 September 2018, the Group has acquired and taken over 69 container

vessels, whereof 61 are fully consolidated and eight are operated in a joint

venture.

Q3 and nine month 2018 earnings call:

The Company will host a webcast for the presentation of the Q3 and nine month

2018 results commencing on 30 November 2018 at 15:00 hours CET. The presentation

will be made available on the Company's webpage (www.mpc-container.com/#IR) from

12:00 hours CET. There will be a Q&A session after the presentation.

The webcast can be accessed through the following link:

https://digital.vevent.com/index.jsp?eid=8329&seid=18

Please note that for optimal viewing, it is recommended not to use VPN, but

instead to connect directly to the internet. Please disable pop-up blockers in

order to view the content in its entirety.

This event is being streamed. It is recommended that you listen via your

computer speakers.

International/Toll Attendee Dial In: +44 (0) 2071928000

Conference ID: 2281855

Contemplated share buy-back programme:

Due to current market conditions, the Company intends to explore a share buy

-back programme and to present a detailed plan of progress in an extraordinary

general meeting in early 2019. A summon to an extraordinary general meeting will

follow in due course.

Further information and contact:

ir@mpc-container.com

About MPC Container Ships ASA:

MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main

activity is to own and operate a portfolio of container ships with a focus on

the feeder segment between 1,000 and 3,000 TEU. The Company is registered and

has its business office in Oslo, Norway. For more information, please see our

webpage: www.mpc-container.com