MPCC continues rapid fleet expansion

The Oslo-based feeder containership owner has agreed to purchase a 1,740-TEU vessel for $13.86 million.    MPC Container Ships is continuing to expand its vessel fleet with the acquisition of another feeder-size containership.
   The Oslo-based containership owner and operator has agreed to purchase the AS Selina, a 1,740-TEU vessel built in 2012 at the Guangzhou Wenchong Shipyard in China, for $13.86 million. The firm said it expects to take over the vessel during the third quarter of the year.
   Along with the May purchase of three 2,500-TEU ships, the latest acquisition will bring MPCC’s total fleet to 69 ships, 40 of which are owned and operated by MPC Container Ships Invest B.V., a wholly owned subsidiary of MPCC.
   Incorporated in January 2017 and having taken control of its first vessels in April 2017, MPC Container Ships is already the largest owner of feeder-size container vessels — those with capacity of up to 3,000 TEUs — in the world.
   The company in June raised roughly $50 million through a private share placement for additional vessel acquisitions.