The fast-growing containership owner and operator’s revenues more than doubled from last year’s first-quarter revenues of $13.2 million, rising to $28.3 million.
Average time charter equivalent per vessel stood at $9,352 per day for the first quarter of 2018, up from $7,901 per day for last year’s first quarter, while average operating expenses totaled $4,810 per day, down from $5,255 per day.
MPC Container Ships was incorporated in January 2017 and took control of its first vessels in April 2017.
Just last week, the company announced it had entered into agreements to acquire three 2,500-TEU feeder vessels.
Physical takeover of the vessels is expected to take place in the second quarter of 2018, increasing the company’s fleet to a total of 68 vessels.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now