As the shipping world prepares to descend on Oslo for Nor’ Shipping 2025, we take a look at the Norwegian fleet which is currently valued at USD 66.2 bn using VesselsValue data. The following charts highlight the Norwegian fleet breakdown by vessel type, top Norwegian companies, S&P transactions, and the breakdown of dual fuel orders by sector.
MPC Container Ships (MPCC), in partnership with North Sea Container Line (NCL) and Elkem, have christened the NCL VESTLAND, the first of two dual-fuel 1,300 TEU newbuildings to be delivered in 2025The ceremony marks the start of the vessel’s service between Western, Central and Northern Norway and Rotterdam.
MPC Container Ships (MPCC) has entered into an agreement to sell five vessels en bloc, involving three 1,300 TEU vessels and two 2,000 TEU vessels.Separately, two vessels were recently sold to an undisclosed buyer. The average age of the seven sold vessels is 17 years.The five vessels will be sold with the existing charters attached
Investment group Eurazeo has made a $73.1 million investment in MPC OSE Offshore, a joint venture established by MPC Capital and German offshore services firm O.S. Energy, with the aim of building and managing new service operations vessels (SOVs) for offshore wind farms.Eurazeo made the investment through its Eurazeo Transition Infrastructure Fund (ETIF)
Norwegian shipowner MPC Container Ships (MPCC) has taken delivery of its first dual-fueled methanol container ship newbuilding from Chinese-based shipyard Taizhou Sanfu Ship Engineering.This is the first of the two dual-fuel methanol container ships up for delivery from the Chinese shipayrds, which are secured by 15-year time charter agreements with North Sea Container Line (NCL).
MPC Container Ships (MPCC) has acquired two 3,500 TEU vessels and secured a charter agreement package for a total of 10 vessels, including the new acquisitions.The acquisition consists of two 3,500 TEU vessels at a total price of $47.25 million. The vessels are expected to be handed over from their current owner in the third quarter of 2024 and will be delivered into pre-agreed firm 36-month
Watson Farley & Williams (WFW) advised shipping company MPC Container Ships ASA (MPCC) on its sale of seven container ships for a transaction value of US$94 million. The disposal is part of MPCC's strategic development and the targeted restructuring of its fleet.MPCC has agreed to sell five ships en bloc to Contships Group, comprising three 1,300 TEU ships and two 2,000 TEU ships.
Watson Farley & Williams (‘WFW’) advised Eurazeo, acting as lead investor via its Eurazeo Transition Infrastructure Fund, on a $73m investment in new offshore service vessel platform MPC OSE Offshore. The platform, a joint venture between MPC Capital and O.S. Energy, helps develop, build, and manage service support vessels for offshore wind farms.
Appalled that deaths in enclosed spaces continue to be all too frequent occurrences in the shipping industry, the Maritime Professional Council of the United Kingdom (MPC) has announced its support for fundamental changes to ship operation and design.MPC member InterManager has been at the forefront of raising this issue where, it says, seemingly innocuous compartments, cargo holds and fuel tanks