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.
Freight Fraud Symposium
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
Double brokering. AI deepfakes. Identity theft. Freight fraud is an existential threat to the industry. Get ahead of it.
Rock & Roll Hall of Fame • Cleveland, OH Register NowPast the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post Office • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now