MPC Container Ships ASA

Regulatory Filings • Nov 14, 2018

Agreements for purchase of exhaust gas cleaning systems ("scrubbers")

Agreements for purchase of exhaust gas cleaning systems ("scrubbers")

Oslo, 14 November 2018 - MPC Container Ships ASA (the "Company") is pleased to

announce that it has entered into agreements for the purchase of five exhaust

gas cleaning systems ("scrubbers") which are to be retrofitted on five selected

vessels within the Company's fleet prior to the 1 January 2020 implementation

date of the new sulphur emission cap regulation, as set forth by the

International Maritime Organization.

The agreements also include options to purchase scrubbers for up to 50

additional vessels, allowing for further installations in both 2019 and early

2020, respectively. The Company will be carefully evaluating further scrubber

installations, on a vessel by vessel basis, and exercise further options in due

course.

The Company sees significant interest from charterers for scrubber-fitted

vessels and is in well-advanced negotiations with charterers for mid- to longer

-term charter parties at favourable rates that are expected to yield attractive

returns for the Company. Simultaneously, the Company is evaluating additional

charters and seeks to take advantage of the high optionality of its scrubber

agreements.

The scrubber investment program is expected to be financed with cash on hand and

available debt capacity on the Company's existing fleet.

CEO Constantin Baack comments in relation to the announcement: "Having conducted

thorough analyses on the subject, we are excited about the opportunity to

retrofit selected vessels with scrubbers as an economically attractive

alternative of complying with the 2020 sulphur regulations. Moreover, the option

to equip a larger portion of our fleet with scrubbers gives MPC Container Ships

the strategic flexibility to adapt to new market environments as we deem fit."

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