Norway: MPC Container Ships raises funds to facilitate fleet expansion27.11.2017 Norway: MPC Container Ships raises funds to facilitate fleet expansion
Hegnar Online, 27 Nov 2017, online:-
Norwegian container shipping company MPC Container Ships has completed a private placement in the range of about NOK 1.40bn (EUR 150.19mn USD 179.45mn), which will be used to fund the company's fleet expansion. The company also announced that it is currently in negotiations regarding the acquisition of several feeder container vessels, and that it has also signed ten vessels from Korean shipping company Cido Shipping for a total sum of USD 130mn (EUR 108.80mn). This means that MPC has raised a total of USD 450mn in equity and debt over the past six months to expand its fleet, which currently consists of 36 vessels.
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