Independent journal on economy and transport policy
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New record quarterly report of MPC Container Ships
In the period July-September revenues increased by +187.6%
November 19, 2021
In the period July-September 2021 the revenues of MPC Container Ships amounted to $118.5 million, up from +187.6% on the same quarter last year. EBITDA has marked an increase of +2,638.5% to 73.6 million Dollars. Operating profit and net income were equal respectively at 58.8 million and 46.4 million dollars against both negative results for -11.4 million and -17.8 millions of dollars in the third quarter of 2020.
In the first nine months of this year, revenues totalled 242,2 million dollars, with a progression of +91.7% on the period January-September of 2020. EBITDA was 127.7 million dollars (+998.0%). Operating profit and net profit were $86.1 million and $61.9 million against negative results for -29.4 million and -46.1 million in the first nine months of last year.
Commenting on these results, the CEO of the company, Constantin Baack, explained that MPC Container Ships continues to benefit from a containerized shipping market historically at the highest "with - he specified - a significant growth in rental rates and rates. That - he specified - is further amplified by the global supply chain dysfunctions, a situation we believe unlikely to be relieved soon. In this unique context of market, renters continue to compete to get tonnage, while it is expected that in the next two to three years new buildings will be delivered only in limited numbers. There we expect the favourable conditions for a intense portacontainer will continue."
As of September 30, the MPC Container Ships fleet was consisting of 75 carriers, of which 67 are entirely owned and eight in co-ownership.
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In the period July-September 2021 the revenues of MPC Container Ships amounted to $118.5 million, up from +187.6% on the same quarter last year. EBITDA has marked an increase of +2,638.5% to 73.6 million Dollars. Operating profit and net income were equal respectively at 58.8 million and 46.4 million dollars against both negative results for -11.4 million and -17.8 millions of dollars in the third quarter of 2020.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
