03SEP2019 - News - MPC Container Ships expects second-half scrubber boost to charter rates after posting interim loss

An IMO 2020-driven recovery in time charter rates for container tonnage has only recently filtered through to the smallest sized segment according to feeder ship owner MPC Container Ships.

This Oslo-listed shipowner posted second-quarter results revealing a net loss of $4.4m for a total loss of $9.6m in the first six months of the year.

The negative result came from a total revenue of $58m in the first half, earned from MPC’s fleet of 39 owned vessels ranging in size from 966 teu to 2,846 teu.

Charter rates for larger tonnage have soared in recent months as ocean carriers have chased and secured ships as cover for vessels taken out of service for scrubber retrofitting in readiness for IMO 2020.