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MPC Container Ships ASA

Investor Presentation Aug 9, 2021

3666_rns_2021-08-09_ca7c76b2-983a-47c6-8571-e1cc732ebf92.pdf

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9th of August 2021

DISCLAIMER

THIS PRESENTATION (THE "PRESENTATION") HAS BEEN PREPARED BY MPC CONTAINER SHIPS ASA (THE "COMPANY") FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES DESCRIBED HEREIN.

TO THE BEST KNOWLEDGE OF THE COMPANY, ITS OFFICERS AND DIRECTORS, THE INFORMATION CONTAINED IN THIS PRESENTATION IS IN ALL MATERIAL RESPECT IN ACCORDANCE WITH THE FACTS AS OF THE DATE HEREOF AND CONTAINS NO MATERIAL OMISSIONS LIKELY TO AFFECT ITS IMPORTANCE. PLEASE NOTE THAT NO REPRESENTATION OR WARRANTY (EXPRESS OR IMPLIED) IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, ANY FORWARD-LOOKING STATEMENTS, INCLUDING PROJECTIONS, ESTIMATES, TARGETS AND OPINIONS, CONTAINED HEREIN. TO THE EXTENT PERMITTED BY LAW, THE COMPANY, ITS PARENT OR SUBSIDIARY UNDERTAKINGS AND ANY SUCH PERSON'S OFFICERS, DIRECTORS, OR EMPLOYEES DISCLAIM ALL LIABILITY WHATSOEVER ARISING DIRECTLY OR INDIRECTLY FROM THE USE OF THIS PRESENTATION.

THIS PRESENTATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS RELATING TO THE BUSINESS, FINANCIAL PERFORMANCE AND RESULTS OF THE COMPANY AND/OR THE INDUSTRY IN WHICH IT OPERATES. FORWARD-LOOKING STATEMENTS CONCERN FUTURE CIRCUMSTANCES, NOT HISTORICAL FACTS AND ARE SOMETIMES IDENTIFIED BY THE WORDS "BELIEVES", EXPECTS", "PREDICTS", "INTENDS", "PROJECTS", "PLANS", "ESTIMATES", "AIMS", "FORESEES", "ANTICIPATES", "TARGETS", AND SIMILAR EXPRESSIONS. THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESENTATION (INCLUDING ASSUMPTIONS, OPINIONS AND VIEWS OF THE COMPANY OR OPINIONS CITED FROM THIRD PARTY SOURCES) ARE SUBJECT TO RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM ANY ANTICIPATED DEVELOPMENT. NONE OF THE COMPANY, ANY OF ITS PARENT OR SUBSIDIARY UNDERTAKINGS OR ANY SUCH PERSON'S OFFICERS, DIRECTORS, OR EMPLOYEES PROVIDES ANY ASSURANCE THAT THE ASSUMPTIONS UNDERLYING SUCH FORWARD-LOOKING STATEMENTS ARE FREE FROM ERRORS, NOR DOES ANY OF THEM ACCEPT ANY RESPONSIBILITY FOR THE FUTURE ACCURACY OF THE OPINIONS EXPRESSED IN THIS PRESENTATION OR THE ACTUAL OCCURRENCE OF THE FORECASTED DEVELOPMENTS DESCRIBED HEREIN.

THE PRESENTATION CONTAINS INFORMATION OBTAINED FROM THIRD PARTIES. SUCH INFORMATION HAS BEEN ACCURATELY REPRODUCED AND, AS FAR AS THE COMPANY IS AWARE AND ABLE TO ASCERTAIN FROM THE INFORMATION PUBLISHED BY THAT THIRD PARTY, NO FACTS HAVE BEEN OMITTED THAT WOULD RENDER THE REPRODUCED INFORMATION TO BE INACCURATE OR MISLEADING IN ANY MATERIAL RESPECT.

AN INVESTMENT IN THE COMPANY INVOLVES RISK. SEVERAL FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE PREDICTED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS PRESENTATION, INCLUDING, BUT NOT LIMITED TO, RISKS OR UNCERTAINTIES ASSOCIATED WITH THE COMPANY'S BUSINESS, DEVELOPMENT, GROWTH MANAGEMENT, FINANCING, MARKET ACCEPTANCE AND RELATIONS WITH CUSTOMERS AND, MORE GENERALLY, ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN DOMESTIC AND FOREIGN LAWS AND REGULATIONS, TAXES, CHANGES IN COMPETITION AND PRICING ENVIRONMENTS, FLUCTUATIONS IN CURRENCY EXCHANGE AND INTEREST RATES AND OTHER FACTORS. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALISE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, THE ACTUAL RESULTS OF THE COMPANY MAY VARY MATERIALLY FROM THOSE FORECASTED INTHIS PRESENTATION.

BY ATTENDING OR RECEIVING THIS PRESENTATION RECIPIENTS ACKNOWLEDGE THAT THEY WILL BE SOLELY RESPONSIBLE FOR THEIR OWN ASSESSMENT OF THE COMPANY AND THAT THEY WILL CONDUCT THEIR OWN ANALYSIS AND BE SOLELY RESPONSIBLE FOR FORMING THEIR OWN VIEW OF THE POTENTIAL FUTURE PERFORMANCE OF THE COMPANY AND ITS BUSINESS.

THE DISTRIBUTION OF THIS PRESENTATION MAY, IN CERTAIN JURISDICTIONS, BE RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS PRESENTATION ARE REQUIRED TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS. NO ACTION HAS BEEN TAKEN OR WILL BE TAKEN IN ANY JURISDICTION BY THE COMPANY THAT WOULD PERMIT THE POSSESSION OR DISTRIBUTION OF ANY DOCUMENTS OR ANY AMENDMENT OR SUPPLEMENT THERETO (INCLUDING BUT NOT LIMITED TO THIS PRESENTATION) IN ANY COUNTRY OR JURISDICTION WHERE SPECIFIC ACTION FOR THAT PURPOSE IS REQUIRED.

THE CONTENTS OF THIS PRESENTATION SHALL NOT BE CONSTRUED AS LEGAL, BUSINESS, OR TAX ADVICE. RECIPIENTS MUST CONDUCT THEIR OWN INDEPENDENT ANALYSIS AND APPRAISAL OF THE COMPANY AND THE SHARES OF THE COMPANY, AND OF THE DATA CONTAINED OR REFERRED TO HEREIN AND IN OTHER DISCLOSED INFORMATION, AND RISKS RELATED TO AN INVESTMENT, AND THEY MUST RELY SOLELY ON THEIR OWN JUDGEMENT AND THAT OF THEIR QUALIFIED ADVISORS IN EVALUATING THE COMPANY AND THE COMPANY'S BUSINESS STRATEGY.

THIS PRESENTATION REFLECTS THE CONDITIONS AND VIEWS AS OF THE DATE SET OUT ON THE FRONT PAGE OF THE PRESENTATION. THE INFORMATION CONTAINED HEREIN IS SUBJECT TO CHANGE, COMPLETION, OR AMENDMENT WITHOUT NOTICE. IN FURNISHING THIS PRESENTATION, THE COMPANY UNDERTAKE NO OBLIGATION TO PROVIDE THE RECIPIENTS WITH ACCESS TO ANY ADDITIONAL INFORMATION.

THIS PRESENTATION SHALL BE GOVERNED BY NORWEGIAN LAW. ANY DISPUTE ARISING IN RESPECT OF THIS PRESENTATION IS SUBJECT TO THE EXCLUSIVE JURISDICTION OF THE NORWEGIAN COURTS WITH THE OSLO CITY COURT AS LEGAL VENUE.

Songa Container Closing and Charter Activity & Market Update EXECUTIVE SUMMARY

SONGA CONTAINER ACQUISITION - A HIGHLY ACCRETIVE TRANSACTION

MPCC CHARTER UPDATE – CONTINUOUSLY INCREASING CHARTER COVERAGE AND EBITDA BACKLOG (1)

Contracted charter revenues of MPCC fleet of > USD 0.7 billion

Secured EBITDA backlog of MPCC fleet of > USD 0.5 billion

(1) Proforma EBITDA calculation based on fixed charter contracts and open days with current spot rates, reduced by Operating CBE with USD 6,250 per day from MPCC Q1 2021 financial statement; Incl. pool vessels and Bluewater JV vessels; based on expected expiry of charter period (expected charter expiry based on management assessment and subject to change due to market development).

REINFORCING INDUSTRY-LEADING POSITION IN INTRA-REGIONAL TRADE

TOP 10 TONNAGE PROVIDER <5K TEU(1)

Ma
ing
na
g
ow
ne
r
On
he
-t
ate
r ve
-w
ls
ss
e
l fle
To
ize
(
TE
U
k)
ta
et
s
75 15
7
Lo
ma
r
57 12
9
Se
as
p
an
44 16
7
Pe
D
hle
ter
o
36 90
Bo
lis
rea
33 10
1
Le
ha
rd
Blu
mb
&
on
erg
31 61
Na
vio
Ho
ld
ing
s
s
30 11
9
Da
na
os
29 95
Co
sta
ma
re
27 98
G
lo
ba
l S
hip
Le
as
e
24 69

FLEET KEY FIGURES

STRONG REGIONAL DEMAND GROWTH

(1) Ranked by no. of vessels; operator not considered

STRONG DE-RISKING WITH SIGNIFICANT UPSIDE POTENTIAL

SONGA CONTAINER ACQUISITION HAS COMPELLING RISK-RETURN PROFILE

335 210 64 ~100 47 76 Add. EBITDA Backlog at closingSongafleet value Aug '21(1) Purchase price May '21Scrap value (2) Risk adjusted purchase price 23 EBITDA Backlog at signingEBITDA fixing potential Q4 '21 +60% in mUSD

HIGHLY COMPELLING RISK-REWARD

  • • Investment quickly de-risked through near term EBITDA and scrap protection
  • •Attractive scrap protection of USD 76m (2)
  • • Near term EBITDA (Aug.-Dec. 2021) of USD ~20m(3)
  • • Based on the existing charters and assuming renewals at current market rates, the newly acquired fleet is positioned to generate EBITDA for 2022 and 2023 of USD ~120m and ~140m respectively (3)

SONGA-FLEET: RECENT FIXTURES

UPCOMING CHARTER POTENTIAL @CURRENT RATES/PERIODS

Qu
te
ar
r
Ve
l
ss
e
C
lus
te
r
(4)
Sp
Ra
t
te
o
US
(
D)
(4)
Pe
io
d
r
(ye
)
ars
E
B
I
T
D
A
Po
ia
l
te
nt
US
(m
D)
S
lsu
d
tra
n
3
5
0
0 g
d
r
3
8,
0
0
0
4-
5
Q
4
'2
1
An
S
i
bu
ne
m
1
0
0
0 g
ls
1
9,
7
5
0
2-
3
S
fa
S
i
bu
te
n
m
1
0
0
0 g
ls
1
9,
7
5
0
2-
3
9
4 -
1
0
8
C
ity
f
Be
i
j
ing
o
2
5
0
0 g
d
r
3
1,
0
0
0
3
~
Gr
S
i
bu
te
e
m
1
0
0
0 g
ls
1
9,
0
7
5
2-
3
Q
1
'2
2
So
Nu
be
ng
a
er
n
rg
2
0
0
0 g
ls
2
9,
0
0
5
3
~
6
0 -
0
7
C
ity
f
S
ha
ha
i
o
ng
2
0
0 g
d
5
r
3
1,
0
0
0
3
~
Q
'2
2
2
Ca
la
br
ia
4
2
0
0 g
ls
3
9,
5
0
0
4-
5
4
5 -
5
5

(1) Source: Charter-free valuation based on VesselsValue.com as per 5th of August 2021

(2) Scrap value based on USD 600/LDT as per Clarksons SIN

(3) EBITDA projection based on Clarksons SIN spot rates for open days as per 30th of July 2021, commission: 3,75%, utilization: 96%

(4) Based on recent market fixtures for each cluster as reported by Clarksons Research

MPCC (1) - INCREASED CHARTER BACKLOG AND CASH FLOW VISIBILITY

FIXED OPERATING DAYS (CONSOLIDATED VESSELS)(2)

> USD 0.5 billion

SELECTIVE MPCC-FIXTURES JUNE / JULY '21

  • (1) MPCC Group (including Songa Container AS)
  • (2) Operating days equal available days less expected off-hire / class-renewals; underlying min. / max. periods for contracted charter based on management assessment; assumed available days of 21,358 in 2021 considering Songa-fleet as of August and 23,316 / 23,344 days in 2022 / 2023, respectively
  • (3) Incl. pool vessels and Bluewater JV vessels; based on expected expiry of charter period (expected charter expiry based on management assessment and subject to change due to market development).

MPCC IS WELL POSITIONED TO PARTICIPATE IN THE CURRENT CHARTER MARKET-HIGH

COMMENTS (2)

RECENT MARKET FIXTURES

FIXED OPERATING DAYS (CONSOLIDATED VESSELS)

INDICATIVE UPCOMING CHARTER RENEWALS(1)

C
lus
te
r
(
TE
U
)
C
ha
Ra
te
te
r
r
(
U
S
D /
da
)
y
Pe
io
d
r
1,
0
0
0
1
9,
7
5
0
2-
3
rs
y
1,
7
0
0
2
8,
0
0
0
3 y
rs
~
2,
0
0
0
2
9,
5
0
0
3 y
rs
~
2,
5
0
0
3
1,
0
0
0
3 y
rs
~
2,
8
0
0
3
4,
0
0
5
3 y
rs
~
3,
0
0
5
3
8,
0
0
0
4-
5 y
rs
4,
4
0
0
3
9,
0
0
0
4-
5 y
rs

1,500-1,700 TEU 1,000-1,300 TEU 2,500-2,800 TEU 2,000 TEU3,500 TEU

STRONG TRADE INDUCED CONGESTIONS, VESSEL SHORTAGE & RECORD HIGH RATES

FAST TRADE RECOVERY AND STRONG FORECASTS

CHARTER MARKET SURGE WITH RECORD RATES

RECORD HIGH FREIGHT-RATES

PROLONGED CHARTER PERIODS

CONTINUING MARKET BOOM DUE TO TIGHT SUPPLY, AT LEAST UNTIL 2023

FORWARD AVAILABILITY AT 1/3 OF USUAL NUMBERS

ESPECIALLY FOR INTRA-REGIONAL TRADES

NORMALIZATION NOT IN SIGHT

  • • Tight supply with nearly no charter vessels available, at least until 2023
  • •Port congestion at ongoing record high level, driven by US ports
  • • Strong trade demand with low inventory levels, high commodity goods trade and a rethinking of sourcing patterns that foster regional trade.
  • • AP Moller-Maersk and Hapag-Lloyd revised their EBITDA guidance repeatedly upwards due to the "continuation of the exceptional market situation with strong rebound in demand causing bottlenecks […] and equipment shortage"and expect no normalization before 2022.
  • • Market analysts also see no signs of relaxation and expect the boom to continue well into 2022. Some meanwhile even talk about 2023 (e.g. DAV Panalpina).

Data Source: MSI (Aug. 2021); Clarksons Research (Aug. 2021); Braemar (Aug. 2021); Harper Petersen (Aug. 2021); MPCC Calculation and Analysis

MPCC FLEET EMPLOYMENT OVERVIEW (1/4)Songa Container Closing and Charter Activity & Market Update - Appendix

No Ve
l
sse
Clu
ste
r
Ch
art
ere
r
MP
CC
Cu
nt
rre
Au
Fix
(
US
D/d
)
tur
e
ay
21
g-
Se
21
p-
Oc
t-2
1
No
v-2
1
De
c-2
1
Ja
n-2
2
Fe
b-2
2
Ma
r-2
2
Ap
r-2
2
Ma
22
y-
Ju
n-2
2
Ju
l-2
2
Au
g-
22
Po
Au
22
st
g-
(m
in.
.)
/ m
ax
1 CO
RD
EL
IA
28
00
ls
g
Sin
oko
r
10.
00
0
2 AS
CL
EM
EN
TIN
A
28
00
ls
g
He
-A
ung
10.
00
0
3 AS
CO
LU
MB
IA
28
00
ls
g
Ch
ina
Un
ited
Li
nes
10
1.0
00
DD
(1)
4 AS
SE
VIL
LIA
170
0 g
rd
CM
A C
GM
12.
00
0
5 AS
SV
EN
JA
170
0 g
rd
CM
A C
GM
13.
00
0
6 AS
SE
LIN
A
170
0 g
rd
Ha
-Llo
d
pag
y
11.
80
0
7 AS
SA
RA
170
0 g
rd
OO
CL
13.
00
0
8 AS
PA
TR
ICI
A
25
00
d
gr
Ma
k L
ine
ers
15.
280
DD
(1)
9 AS
SU
SA
NN
A
170
0 g
rd
CO
SC
O
14.
00
0
10 AS
FR
EY
A
130
0 g
rd
CM
A C
GM
10.
50
0
11 AS
FE
NJ
A
120
0 g
ls
Ne
w G
old
Se
en
a
Sh
ipp
ing
/ C
OS
CO
13.
45
0
12 CA
RP
AT
HIA
28
00
ls
g
Wa
n H
ai L
ine
s
16.
00
0
13 AS
PA
TR
IA
25
00
d
gr
Ha
-Llo
d
pag
y
14.
50
0
14 AS
NA
DIA
35
00
ls
g
Ha
-Llo
d
pag
y
18.
50
0
15 AS
SE
RA
FIN
A
170
0 g
rd
Sh
hai
Jin
Jia
ang
ng
14.
175
16 CA
RD
ON
IA
28
00
ls
g
ZIS
S
50
0
11.
17 AS
AN
GE
LIN
A
20
00
d
gr
Ma
k L
ine
ers
21
.00
0
DD
(1)
18 AS
PA
LIN
A
25
00
HR
d
gr
Ma
k L
ine
ers
00
0
11.
19 AS
CA
RL
OT
TA
28
00
d
gr
Th
e P
ash
Gro
a
up
70
00
0
,
DD
(1)
DD
(1)
Ju
l-22
/ A
22
ug-
20 AS
RA
FA
EL
A
140
0 g
ls
Ne
w G
old
Se
en
a
Sh
ipp
ing
/ C
OS
CO
18.
50
0
Ju
l-22
/ S
-22
ep
21 AS
SO
PH
IA
rd
170
0 g
Se
ala
nd
Ma
k A
sia
ers
33
.00
0
DD
(1)
Ju
l-22
/ S
-22
ep
22 AS
PE
TR
ON
IA
25
00
HR
d
gr
Ma
k L
ine
ers
11.
00
0
Se
21
/ S
-22
p-
ep
23 CIM
BR
IA
ls
28
00
g
GS
L /
ZIS
S
17.
75
0
DD
(1)
Au
/ O
22
ct-
22
g-
24 AS
SA
VA
NN
A
170
0 g
rd
Se
abo
ard
11.
75
0
Au
22
/ O
22
ct-
g-
25 AS
SA
MA
NT
A
170
0 g
rd
Se
abo
ard
11.
75
0
/ O
Au
22
ct-
22
g-

Min. periodMax. period

MPCC FLEET EMPLOYMENT OVERVIEW (2/4)Songa Container Closing and Charter Activity & Market Update - Appendix

No
Ve
l
sse
Clu
ste
r
Ch
art
ere
r
MP
CC
Cu
nt
rre
US
Fix
(
D/d
)
tur
e
ay
Au
21
g-
Se
21
p-
Oc
t-2
1
No
v-2
1
De
c-2
1
Ja
n-2
2
Fe
b-2
2
Ma
r-2
2
Ap
r-2
2
Ma
22
y-
Ju
n-2
2
Ju
l-2
2
Au
22
g-
Po
Au
st
22
g-
(m
in.
/ m
.)
ax
26
AS
PE
TR
A
25
00
HR
d
gr
Se
abo
ard
10.
00
0
Se
22
/ N
22
p-
ov-
27
AS
PA
LA
TIA
25
00
d
gr
Se
abo
ard
13.
00
0
Se
22
/ N
22
p-
ov-
AS
28
PE
TU
LIA
25
00
d
gr
Se
abo
ard
13.
00
0
Se
22
/ N
22
p-
ov-
AS
SA
BR
INA
39
rd
170
0 g
Se
abo
ard
11.
75
0
Se
22
/ N
22
p-
ov-
AS
OR
30
FL
A
120
0 g
ls
Ch
ina
Un
ited
Li
nes
16.
90
0
Se
22
/ N
22
p-
ov-
AS
CA
RO
LIN
A
31
ls
28
00
g
GS
L /
ZIS
S
17.
75
0
Au
22
/ N
22
g-
ov-
AS
CA
OR
32
LIF
NIA
28
00
ls
g
Se
ala
nd
Ma
k A
sia
ers
18.
00
0
Ju
l-22
/ N
22
ov-
AS
CA
RIN
TH
IA
33
ls
28
00
g
RC
L
24
.75
0
Au
22
/ N
22
g-
ov-
AS
34
LA
ET
ITIA
100
0 g
rd
Oc
Kin
g
ea
n
9.2
50
Ju
l-22
/ N
22
ov-
AS
CY
PR
IA
35
ls
28
00
g
ON
E
18.
40
0
Fe
b-2
3 /
Ma
23
y-
AS
CL
36
AR
A
28
00
ls
g
CO
SC
O)
Dia
nd
Lin
e (
mo
24
.75
0
(1)
DD
Ma
r-2
3 /
Ju
n-2
3
AS
CA
ME
LL
IA
37
ls
28
00
g
Ma
k L
ine
ers
24
.55
0
Ap
r-2
3 /
Au
23
g-
38
AS
PE
NE
LO
PE
25
00
ls
g
Ne
w G
old
Se
en
a
Sh
ipp
ing
/ C
OS
CO
26
.50
0
Ma
/ A
23
23
ug-
y-
39
AS
RO
BE
RT
A
140
0 g
ls
BT
L
11.
30
0
DD
(1);
BT
L /
24
00
,
0 Se
23
/ N
23
p-
ov-
40
AS
PA
UL
INE
25
00
ls
g
Se
abo
ard
25
.50
0
Fe
b-2
4 /
Ma
r-2
4
41
AS
PA
UL
INA
25
00
HR
d
gr
MS
C
26
.75
0
Ma
r-2
4 /
Ma
24
y-
42
AS
SI
CIL
IA
170
0 g
rd
Fe
ed
ech
ert
30
.00
0
Ma
r-2
4
/ M
24
ay-
43
AS
SE
RE
NA
170
0 g
rd
Se
ala
nd
Ma
k A
sia
ers
11.
50
0
Sh
ang
hai
Jin
Jia
/ 6
0,
00
ng
0 (2
)
DD
(1)
Ju
l-24
/ S
-24
ep
44
AS
CH
RIS
TIA
NA
28
00
d
gr
CM
A C
GM
32
.40
0
Ju
l-24
/ S
-24
ep
45
AS
PA
OL
A
25
00
d
gr
CM
A C
GM
28
.90
0
Au
24
/ O
24
ct-
g-
46
AS
CO
NS
TA
NT
INA
28
00
ls
g
Ba
l S
hip
ing
Li
p
nes
120
.00
0
Fe
ed
ert
ech
35
,5
00
Oc
t-2
4 /
De
c-2
4
47
AS
CL
AR
ITA
28
00
ls
g
Om
Sh
ipp
ing
Lin
an
es
26
.97
5
Ju
n-2
4 /
Au
24
g-
48
AS
CA
RE
LIA
28
00
ls
g
Ha
-Llo
d
pag
y
33
.00
0
Ju
l-24
/ O
24
ct-
49
AS
CL
EO
PA
TR
A
28
00
d
gr
Ha
-Llo
d
pag
y
33
.50
0
Au
24
/ N
24
g-
ov-

Min. period

Max. period

11

Songa Container Closing and Charter Activity & Market Update - Appendix MPCC FLEET EMPLOYMENT OVERVIEW (3/4)

No Ve
l
sse
Clu
ste
r
Ch
art
ere
r
Cu
nt
rre
Fix
tur
e
(
US
D/d
)
ay
Au
g
21
Se
p-
21
Oc
t-
21
No
v-
21
De
c-
21
Ja
n-
22
Fe
b-
22
Ma
r-
22
Ap
r-
22
Ma
y-
22
Ju
n-
22
Ju
l-
22
Au
g-
22
Po
Au
22
st
g-
(m
in.
/ m
.)
ax
1 Str
als
und
3,
40
0
Nil
Du
tch
e
10,
50
0
2 An
Sib
ne
um
1,
000
ls
g
WE
C L
ine
s
EU
R 5
50
0
,
3 Ste
Si
fan
bu
m
1,
000
ls
g
CM
A-C
GM
EU
R 8
40
0
,
4 Cit
f B
eij
ing
y o
2,5
00
d
gr
CO
SC
O
18,
250
5 So
Nu
be
nga
ern
rg
2,
20
0
d
gr
Fe
ed
ech
ert
14,
00
0
6 So
Ca
lab
ria
nga
4,
25
0
Ma
k L
ine
ers
1
13,
50
0
Ju
l-2
1 /
Ju
l-22
7 Gre
Sib
te
um
1,
000
ls
g
Un
ifee
de
r
EU
R
11,
95
0
Ap
r-2
2 /
Ju
n-2
2
8 Cit
Of
Sh
hai
y
ang
d
2,5
00
gr
Ma
k
ers
18,
30
0
Ap
2 /
Ju
r-2
n-2
2
9 So
An
tof
sta
nga
aga
2,
80
0 g
ls
ZIS
S
23
50
0
,
Fe
b-2
3 /
Ma
r-2
3
10 So
Irid
ium
nga
2,
20
0 g
rd
Fe
ed
ech
ert
29
00
0
,
Ma
24
/ J
ul-2
4
y-
11 So
Bo
nga
nn
2,
20
0
d
gr
Dia
nd
Lin
e (
CO
SC
O)
mo
29
35
0
,
Ju
n-2
4 /
Au
24
g-

Min. period

Max. period

MPCC FLEET EMPLOYMENT OVERVIEW (4/4)Songa Container Closing and Charter Activity & Market Update - Appendix

No
Ve
l
sse
Clu
ste
r
Ch
art
ere
r
MP
CC
Cu
nt
rre
Fix
tur
e
US
(
D/d
)
ay
Au
g
21
Se
p-
21
Oc
t-
21
No
v-
21
De
c-
21
Ja
n-
22
Fe
b-
22
Ma
r-
22
Ap
r-
22
Ma
y-
22
Ju
n-
22
Ju
l-
22
Au
g-
22
50
AS
FL
OR
ET
TA
1,
30
0 g
rd
Po
ol
Po
ol
rat
e
DD
(2)
51
AS
FR
AN
ZIS
KA
1,
30
0 g
rd
Po
ol
Po
ol
rat
e
52
AS
FA
TIM
A
1,
30
0 g
ls
Po
ol
Po
ol
rat
e
53
AS
RO
SA
LIA
1,5
00
ls
g
Po
ol
Po
ol
rat
e
54
AS
RO
MIN
A
1,5
00
ls
g
Po
ol
Po
ol
rat
e
55
AS
FI
LIP
PA
rd
1,
30
0 g
Po
ol
Po
ol
rat
e
56
AS
FE
LIC
IA
1,
30
0 g
rd
Po
ol
Po
ol
rat
e
57
AS
FE
DE
RIC
A
1,
30
0 g
rd
Po
ol
Po
ol
rat
e
DD
(2)
58
AS
FI
OR
EL
LA
rd
1,
30
0 g
Po
ol
Po
ol
rat
e
59
AS
FA
US
TIN
A
1,
30
0 g
rd
Po
ol
Po
ol
rat
e
DD
(2)
60
AS
RI
CC
AR
DA
ls
1,5
00
g
Po
ol
Po
ol
rat
e
DD
(2)
61
AS
RA
GN
A
1,5
00
ls
g
Po
ol
Po
ol
rat
e
62
AS
FL
OR
IAN
A
1,
30
0 g
ls
Po
ol
Po
ol
rat
e
63
AS
FA
BIA
NA
1,
30
0 g
rd
Po
ol
Po
ol
rat
e
DD
(2)
64
AS
FA
BR
IZIA
1,
30
0 g
rd
Po
ol
Po
ol
rat
e

COMMENTS

  • The charter backlog from FY 2020 is now decreasing, with about 4 fixtures remaining until end of 2021
  • Maximum secured pool coverage for FY 2021 and 2022 is ~94% and ~50% of available pool days respectively
  • Expected gross pool rate(1) for the remaining year 2021 for the various TEU clusters is:
    • USD ~15,100/day (1,300 TEU grd)
    • USD ~15,100/day (1,300 TEU gls)
    • USD ~16,900/day (1,500 TEU gls)

Songa Container Closing and Charter Activity & Market Update - Appendix RECENT MARKET FIXTURES IN MPCC-CLUSTERS(1)

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