MPC Container Ships Acquires 5 Feeder Vessels from Simatech

March 16, 2018

Oslo based MPC Container Ships ASA said it has reached a deal to acquire five feeder containerships presently managed and operated by Simatech Shipping & Forwarding L.L.C., Dubai for a total purchase price of $41.9 million in cash. 
 
MPC said it will establish wholly-owned subsidiaries to take over the five vessels, which include Sima Pride (1,201 TEU, built 2004), Sima Perfect (1,221 TEU, built 2005), Sima Prestige (1,221 TEU, built 2005), Sima Sapphire (1,440 TEU, built 2006) and Sima Sadaf (1,440 TEU, built 2007).
 
Physical takeover is expected in the first half of 2018, lifting the MPC Container Ships fleet to 64 feeder units.
 
MPC Container Ships was formed in April 2017 and owns and operates a portfolio of containerships between 1,000 and 3,000 TEU.

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