MPCC Secures ECA-Covered Sustainable Financing for Its Dual-Fuel Methanol Newbuildings and Announces Co-CEO Structure
MPCC Secures ECA-Covered Loan Oslo, Norway – MPC Container Ships ASA (MPCC) has successfully signed a USD 55 million pre- and post-delivery ECA covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings. The vessels are scheduled for delivery towards the end of 2024 and are secured by 15-year time charter agreements with North Sea Container Line (NCL). The loan matures in 2036. The two vessels feature dual-fuel engines that enable operation on green methanol. Thus, this financing has been internally classified by the lender as Sustainable