MPC Container Ships came out of the 2024 financial year with guaranteed revenues of USD 1.1 billion and a fleet utilization rate of 92%.
However, at USD 130 million, the result for the fourth quarter was significantly lower than in the previous year (USD 152.8 million). EBITDA is reported at USD 83.3 million (Q4 2023: USD 93.6 million). This left a profit of USD 72.3 million, also significantly lower than the USD 101.5 million reported a year earlier.
For shareholders, this results in a return of USD 0.09 per share, which corresponds to a total of around USD 40 million. The Oslo-listed shipping subsidiary of the Hamburg-based MPC Capital Group is paying a quarterly dividend for the 13th time in a row. The total distribution for 2024 therefore amounts to USD 186 million.
MPC CEO Baack: “Well positioned”
MPCC can expect guaranteed income of USD 1.1 billion from charter agreements already concluded. The fleet is employed 92% of all days in 2025 and 64% of all days in 2026, the company announced.
As of December 31, 2024, the Group’s fleet consisted of 59 vessels with a total capacity of around 141,000 TEU. Two 5,500 TEU vessels and four 3,800 TEU wide hull vessels were added during the year.
“By utilizing our fleet coverage of over 90%, we are well positioned to withstand potential market fluctuations in 2025,” says CEO Constantin Baack.
