Independent journal on economy and transport policy
06:50 GMT+2
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Norway's MPC Container Ships buys compatriot Songa Container AS
The $210 million acquisition includes 11 container carriers
June 23, 2021
Nine of songa's ships to be acquired by MPCC are with an "Ice Class" annotation that makes them particularly suitable for use in traffic in the Baltic region.
Songa closed the first quarter of this year with revenue base time charter of $14.8 million, an increase in 35.3% over the same period of 2020, and with operating profit and net profit of 21.4 million and 19.1 million respectively against both negative results of -2.9 million and -740,000 dollars in the first three months of last year.
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Nine of songa's ships to be acquired by MPCC are with an "Ice Class" annotation that makes them particularly suitable for use in traffic in the Baltic region.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
