MPC Container Ships optimistic about 2021 after Q3 deficit

Despite a net deficit of USD 17.8 million in the third quarter, container operator MPC Container Ships is optimistic about 2021.

Photo: Marine Money

The charter market for container ships looks "very strong" in the current quarter and until the end of the first quarter 2021, and this makes MPC Container Ships believe in improved finances in 2021 after a dire 2020.

"For container shipping, the operating environment YTD 2020 has been genuinely bipolar. The charter market pre-summer hit perilously low levels as a consequence of COVID-related port closures and global lockdowns, only to recuperate this autumn to 10-year highs across vessel segments," MPC Container Ships CEO Constantin Baack in a financial update.

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