MPCC

MPC Container Ships Reports Q4 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).

Key Points: 
  • for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).
  • for non-recurring items, the profit for the period was USD 78.5 million compared to USD 91.0 million in Q4 2022.
  • As at December 31, 2023, the Group's fleet consisted of 59 vessels, with an aggregate capacity of approximately 126,943 TEU.
  • Commenting on MPCC's results in the fourth quarter and for the full year of 2023, CEO, Constantin Baack, said:
    "As we reflect on the full year of 2023, I am pleased to share MPC Container Ships' continued resilience, progress, and sustained strong financial performance.

MPC Container Ships Reports Q4 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).

Key Points: 
  • for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).
  • for non-recurring items, the profit for the period was USD 78.5 million compared to USD 91.0 million in Q4 2022.
  • As at December 31, 2023, the Group's fleet consisted of 59 vessels, with an aggregate capacity of approximately 126,943 TEU.
  • Commenting on MPCC's results in the fourth quarter and for the full year of 2023, CEO, Constantin Baack, said:
    "As we reflect on the full year of 2023, I am pleased to share MPC Container Ships' continued resilience, progress, and sustained strong financial performance.

CoreSite to be Featured at PTC 2024

Retrieved on: 
Thursday, January 18, 2024

CoreSite , a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will participate in the upcoming Pacific Telecommunications Conference 2024 (“PTC”) on January 21-24 at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii.

Key Points: 
  • CoreSite , a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will participate in the upcoming Pacific Telecommunications Conference 2024 (“PTC”) on January 21-24 at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii.
  • The annual PTC event provides a platform to focus on planning, networking and discovering what lies ahead for the digital infrastructure, information and communication technology, and telecommunications industries.
  • PTC will host a panel highlighting data center trends and innovation with industry leaders, featuring Juan Font, President and CEO of CoreSite and SVP of U.S. Tower, as well as executives from CBRE, Digital Bridge and Yotta Data Services.
  • PTC 2024 participants can schedule on-site meetings with executives from CoreSite throughout the conference.

E-fuel delivery for the shipping sector

Retrieved on: 
Thursday, January 26, 2023

KARLSRUHE, Germany, Jan. 26, 2023 /PRNewswire/ -- MPC Container Ships (OSE: MPCC) and INERATEC have signed an agreement for the supply of synthetic Marine Diesel Oil (MDO) made from biogenic CO2 and renewable hydrogen, with delivery set to start in 2024.

Key Points: 
  • The shipping industry is undertaking great efforts to decarbonize and, due to its drop-in compatibility, synthetic MDO can directly replace conventional fossil fuels used today by existing vessels.
  • Early collaboration between e-fuel providers and offtakers across industries is an important factor for scaling up production volumes and driving decarbonization.
  • With this agreement, MPC Container Ships kickstarts the transition towards carbon neutral, synthetic diesel in the shipping sector.
  • "In order to make a sustainable future with e-fuels possible, INERATEC is acquiring partners all around the world.

E-fuel delivery for the shipping sector

Retrieved on: 
Thursday, January 26, 2023

KARLSRUHE, Germany, Jan. 26, 2023 /PRNewswire/ -- MPC Container Ships (OSE: MPCC) and INERATEC have signed an agreement for the supply of synthetic Marine Diesel Oil (MDO) made from biogenic CO2 and renewable hydrogen, with delivery set to start in 2024.

Key Points: 
  • The shipping industry is undertaking great efforts to decarbonize and, due to its drop-in compatibility, synthetic MDO can directly replace conventional fossil fuels used today by existing vessels.
  • Early collaboration between e-fuel providers and offtakers across industries is an important factor for scaling up production volumes and driving decarbonization.
  • With this agreement, MPC Container Ships kickstarts the transition towards carbon neutral, synthetic diesel in the shipping sector.
  • "In order to make a sustainable future with e-fuels possible, INERATEC is acquiring partners all around the world.

Media Advisory: CoreSite and American Tower Data Center Solutions to Participate in PTC 2023

Retrieved on: 
Thursday, January 12, 2023

CoreSite , a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will participate with American Tower Data Center Solutions in the upcoming Pacific Telecommunications Conference 2023 January 15-18 at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii.

Key Points: 
  • CoreSite , a leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), will participate with American Tower Data Center Solutions in the upcoming Pacific Telecommunications Conference 2023 January 15-18 at the Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii.
  • Executives from American Tower will be featured in panels focused on the edge, energy use and sustainability.
  • The data center energy use and sustainability panel will delve into key drivers impacting data center demand and the implications to digital infrastructure.
  • PTC 2023 participants can schedule on-site meetings with executives from CoreSite and American Tower throughout the conference.

LanguageLine Solutions Takes Home Business Excellence Award

Retrieved on: 
Friday, August 5, 2022

MONTEREY, Calif., Aug. 5, 2022 /PRNewswire/ -- Highlighting a year in which the company is celebrating its 40th anniversary in Monterey, LanguageLine Solutions has won the 2022 Monterey Peninsula Chamber of Commerce Business Excellence Award. The award, which came in the "Services to Businesses" category, was announced at MPCC's annual dinner, which was widely attended by civic leaders in Monterey County.

Key Points: 
  • MONTEREY, Calif., Aug. 5, 2022 /PRNewswire/ -- Highlighting a year in which the company is celebrating its 40th anniversary in Monterey, LanguageLine Solutions has won the 2022 Monterey Peninsula Chamber of Commerce Business Excellence Award.
  • The award is the result of two rounds of voting throughout July by MPCC members and their constituents.
  • In 1982, LanguageLine Solutions was founded in Monterey.
  • "Forty years ago, LanguageLine was launched in the laundry room of a Monterey rental home," President and CEO Scott W. Klein said.

MPCC orders two carbon-neutral 1,300 TEU newbuildings in partnership with industrial group Elkem and North Sea Container Line

Retrieved on: 
Monday, July 4, 2022

The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.

Key Points: 
  • The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.
  • The transaction will provide earnings visibility into 2040 supporting MPCC's distribution policy, with no negative impact on expected distributions in 2022/2023.
  • About MPC Container Ships ASA:
    MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider with a focus on small to mid-size containerships.
  • Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters.

MPCC orders two carbon-neutral 1,300 TEU newbuildings in partnership with industrial group Elkem and North Sea Container Line

Retrieved on: 
Monday, July 4, 2022

The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.

Key Points: 
  • The vessels come with 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs from various parties, including a 15-year CoA with Norwegian industrial group Elkem ASA.
  • The transaction will provide earnings visibility into 2040 supporting MPCC's distribution policy, with no negative impact on expected distributions in 2022/2023.
  • About MPC Container Ships ASA:
    MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage provider with a focus on small to mid-size containerships.
  • Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters.

Elkem commissions two climate-friendly ships for North Sea operation from NCL and MPC Container Ships

Retrieved on: 
Monday, July 4, 2022

STOCKHOLM, July 4, 2022 /PRNewswire/ -- Elkem has entered into an agreement with NCL (North Sea Container Line AS) who will charter in two new container ships enabling carbon neutral operations from MPC Container Ships to further improve Elkem's North Sea logistics.

Key Points: 
  • STOCKHOLM, July 4, 2022 /PRNewswire/ -- Elkem has entered into an agreement with NCL (North Sea Container Line AS) who will charter in two new container ships enabling carbon neutral operations from MPC Container Ships to further improve Elkem's North Sea logistics.
  • The agreement will also enable NCL to become the first container vessel operator in Norway to put methanol-powered ships into operations.
  • The ships, each at a capacity of 1300 TEU (twenty-foot equivalent units), will be owned by the Oslo Brs listed MPC Container Ships ASA (MPCC) in partnership with Topeka MPC Maritime AS.
  • CEO of MPC Container Ships ASA, Constantin Baack comments: "We are excited to extend our selective fleet renewal with the two newbuildings in partnership with Elkem and NCL.