Norway’s MPC Container Ships ASA (MPCC) has signed contracts with Jiangsu Hantong Ship Heavy Industry in China for the construction of four 4,500-teu container vessels, scheduled for delivery starting first half of 2028.

The contract price per vessel is $58m and the agreement includes options for two additional vessels at the same price.

Each vessel will feature advanced energy-efficient technologies, and will operate under a 10-year time charter, with extension options, for a global liner company.

The vessel design and commercial structure were optimized collaboratively with the charterer to ensure an optimal fit for their network, operational profile, and long-term sustainability objectives.

The initial charter period is expected to generate approximately $375m in revenue and around $242m in EBITDA.

According to MPCC, the project will be financed through a balanced mix of equity and debt.

This investment comes as part of MPCC’s ongoing strategy for a younger, more efficient, and environmentally compliant fleet, with reduced exposure to regulatory and environmental risks.

“Our fleet renewal strategy continues to gain momentum with this latest initiative,” said Constantin Baack, chief executive officer of MPCC. “I would like to thank the teams on both sides for the constructive dialogue and the trustful cooperation over the past months, which has been essential in bringing this project to fruition. With today’s announcement, MPCC has secured 10 newbuildings with attached charters this year, underscoring our ability to deliver value-accretive deals with top-tier partners and strengthen strategic customer relationships – while reinforcing our commitment to long-term shareholder value.”

MPC Container Ships ASA is a container tonnage provider focusing on small to mid-size container ships. Its main activity is to own and operate a portfolio of container ships serving intra-regional trade lanes on fixed-rate charters.