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Decade-high rates make MPC Container Ships project six-fold increase in earnings this year

2020 was a true roller coaster ride for MPC Container Ships, in which a crisis plan in the summer was replaced by record-high rates later in the year. The boom has continued into 2021, and the shipowner projects a six-fold increase in earnings this year.

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A container market in overdrive has resulted in the highest charter rates in a decade, which increase earnings many-fold for shipowner MPC Container Ships in 2021, says the company in relation to its latest interim report for the fourth quarter and full-year 2020.

MPC Container Ships thus expects an operating profit in 2021 of USD 90 to 120 million. This will as a minimum represent a six-fold increase of its operating income in 2020, which came to USD 16.1 million.

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