The initial fleet consists of five vessels that have already been delivered to the company and two scheduled for delivery by the end of June 2017.
The cost for those seven vessels was $38 million, and all but one will be chartered out to ocean carriers at or above current market rates, MPC said.
The first seven vessels include the 966-TEU vessels AS Laetitia and AS Laguna, the 1,300-TEU Rickmers Malaysia, the 2,556-TEU Rio Taku, the 2,824-TEU vessels AS Carinthia and Cardonia and a final unnamed vessel with capacity for 2,100 TEUs.
Six of the vessels will be managed by Ahrenkiel Steamship, with the seventh managed by a third-party ship manager, the company said.
According to MPC Container Ships, $80 million of the $100 million in capital equity raised in April has been successfully deployed, and the company will continue to seek further vessel transactions and growth opportunities.
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.
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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