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MPC Container Ships ASA reports Q1 and three-month 2021 results


Q1 and three-month 2021 results:
MPC Container Ships ASA ( MPCC or the Company , together with its subsidiaries the Group ) today published its unaudited financial report for the three-month period ended 31 March 2021.
 Total revenue was USD 54.9 million in Q1 2021 (Q4 2020: USD 45.6 million).
EBITDA was USD 22.3 million in Q1 2021 (Q4 2020: USD 4.5 million).
Net profit was USD 3.5 million in Q1 2021 (Q4 2020: net loss of USD 18.4 million).
Utilization was 99.2% in Q1 2021 (Q4 2020: 97.0%).
Average time charter equivalent ( TCE ) was USD 10,502 per day in Q1 2021 (Q4 2020: USD 8,115 per day).
Cash and cash equivalents stood at USD 48.1 million as at 31 March 2021. As at the same date, the Group has an equity ratio of 56.2% and a leverage ratio of 41.1%. ....

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MPC Container Ships Announces Support of Eyesea


MPC Container Ships Announces Support of Eyesea
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OSLO, Norway, April 15, 2021 /PRNewswire/ MPC Container Ships ASA ( MPCC or the Company , together with its subsidiaries the Group ), is pleased to announce its support and membership of the recently launched Eyesea initiative. Eyesea, with the support of the shipping and maritime industry, is developing a maritime pollution reporting and mapping smartphone application through the use of geotagged pictures.
CEO Constantin Baack comments in relation to the announcement The Eyesea app proposes a simple yet effective way for the broader shipping industry to leverage its presence on the world s oceans to enhance maritime protection and conservation. Our crews have the high seas as their workplace and care deeply about ocean health. Moreover, our vessels operate in parts of the globe accessible to few others. With a combined 80,000 commercial ships navigating ....

Constantin Baack , Graeme Somerville Ryan , Van Meenen , Teodor Teigen , Ignace Van Meenen , Mpc Container Ships Asa , கிரேம் ஸாமர்‌வில் ரியான் , வேன் மீனென் ,