Independent journal on economy and transport policy
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MPC Container Ships again recorded record quarterly revenues
Baack: We expect timed rental rates to continue to be substantial in the coming quarters
August 18, 2022
MPCC, which has a fleet of 65 container ships for one capacity of load equal to 140 thousand teu, closed the first half of 2022 with revenues of $294.6 million, up by +138.2% on the first half of last year. EBITDA is state of 249.5 million (360.6%), EBIT of 212.2 million (+675.9%) and net profit of 206.9 million dollars (+1,237.3%).
Commenting on the results achieved in the second quarter of this year, MPCC's CEO, Constantin Baack, has noted that "our segment of the containerized market remains at a high level, although the periods and rates of rentals decreased slightly during the quarter. However - Baack specified - freight rates are still at levels multiple than pre-pandemic ones. Given that the tonnage available is extremely limited, we expect that in the next quarters the rates of timed rentals will continue to be substantial'.
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MPCC, which has a fleet of 65 container ships for one capacity of load equal to 140 thousand teu, closed the first half of 2022 with revenues of $294.6 million, up by +138.2% on the first half of last year. EBITDA is state of 249.5 million (360.6%), EBIT of 212.2 million (+675.9%) and net profit of 206.9 million dollars (+1,237.3%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
