MPC Container Ships Announces Sale of Its Last Two Joint Venture-Owned Vessels
MPC Container Ships ASA ("MPCC" or the "Company") is pleased to announce the sale of two joint venture-owned vessels, Cimbria and Cardonia, for a total price of USD 42.5 million. The vessels, with a capacity of 2,800 TEU, were built in 2002 and 2003, respectively. Both vessels are currently on time-charter contracts, expiring at the earliest in July 2025 (Cardonia) and in October 2025 (Cimbria). This sale represents the final divestment of joint venture-owned vessels in the Company's fleet. MPCC's joint venture initiative has proven highly successful, with the acquisition of eight