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January 17, 2022

MPC Capital orders boxship vessels at Hanjin shipyard

The first ship is expected to be delivered in the second quarter of 2023.

Investment manager MPC Capital, alongside its partners, has ordered four 5,500 twenty-foot equivalent unit (TEU) eco-design container vessels at South Korean shipyard Hanjin.

Vessels under the new order are said to have advanced specifications and an eco-friendly design.

The first ship is expected to be delivered from Hanjin shipyard in the second quarter of 2023.

According to the investment manager, the eco-design supports 40% savings compared to the current fleet.

Furthermore, the design enables conversion to carbon-neutral operations using green methanol in the future.

MPC claims that the ship design has a high-profile environmental DNV notation.

The vessel will be built in line with EEDI-Phase 3 and NOx Tier III standards.

MPC Capital Shipping managing director Christian Rychly said: “We are convinced that the demand for new container ships with favourable specifications, a low consumption and high environmental ranking will increase.

“The orderbook in this size segment is fairly low and 80% of the vessels in the water today are non-eco ships. At the same time, the positive momentum in the container market continues.

“Fundamental data signal a further tightening of the supply of assets and with limited yard capacity available, the ordering of new ships with these non-replicable delivery positions in 2023 provides a very unique opportunity.”

Either directly or through subsidiaries, MPC Capital offer a wide suite of services, which include commercial as well as technical management.

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