MPC Container Ships, released its Q1 2025 results, showcasing solid operational and financial performance.
The quarter was underpinned by a robust charter backlog and the successful execution of strategic initiatives focused on fleet renewal, sustainability, and capital structure optimization.
The Company reaffirmed its full-year 2025 guidance, demonstrating continued confidence in its outlook, while also making significant strides in its long-term strategy.
Key highlights include:
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Charter backlog of USD 1.1 billion, with 96% coverage for 2025 and 77% for 2026, offering high earnings visibility
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Quarterly recurring dividend of USD 0.08 per share, raising the total declared dividends to over USD 1 billion since February 2022
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Reconfirmed 2025 guidance:
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Operating revenues between USD 485–500 million
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EBITDA between USD 305–325 million
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MPCC made significant progress on its fleet renewal strategy, delivering its first dual-fuel newbuilding and selling seven older vessels, boosting both efficiency and environmental performance.
The company also expanded its sustainability-linked bond with a USD 75 million tap issue and entered the Japanese financing market for the first time, further strengthening its capital base.
Moritz Fuhrmann, Co-CEO and CFO, stated that in Q1 2025, the company advanced its fleet renewal strategy with the delivery of our first dual-fuel vessel and the divestment of less efficient tonnage.
CEO Constantin Baack added that despite the ongoing geopolitical, macroeconomic, and regulatory challenges, the container market remains resilient driven by strong second-hand demand, firm time-charter rates, and minimal idle capacity.
