MPC Capital orders four methanol-ready container ships

MPC Capital orders four methanol-ready container ships

Hamburg-based asset and investment manager MPC Capital has ordered four 5,500 TEU newbuild container ships that will feature an eco-design to reduce fuel consumption by 40 per cent compared to the existing fleet. The vessels will also be built for conversion to green methanol to facilitate carbon neutral operations. 

The vessels are being built at the Korean shipyard and will be compliant with EEDI (Energy Efficiency Design Index)-Phase 3 and NOx Tier III standards. The vessels will also feature DNV notation.

Christian Rychly, managing director shipping at MPC Capital said: “We are convinced that the demand for new container ships with favourable specifications, a low consumption and high environmental ranking will increase. The orderbook in this size segment is fairly low and 80 per cent of the vessels in the water today are non-eco ships. At the same time the positive momentum in the container market continues. Fundamental data signal a further tightening of the supply of assets and with limited yard capacity available the ordering of new ships with these non-replicable delivery positions in 2023 provides a very unique opportunity.”

Delivery of the first vessel is scheduled for Q2 2023.