MPC Container Ships ASA 2020 AR2
The report highlights MPC Container Ships ASA's performance and strategic developments during the volatile year of 2020, which was heavily impacted by the COVID-19 pandemic. Despite a weak first half, the container shipping market experienced a sharp V-shaped recovery in the latter half, allowing the company to secure a sizeable charter backlog. To optimize its portfolio and ensure liquidity, the company completed several strategic vessel sales and raised NOK 420 million in equity through private placements and a subsequent offering. Additionally, the company successfully retrofitted selected vessels with exhaust gas cleaning systems (scrubbers) and ensured all vessels complied with the IMO's Ballast Water Management Convention.
Company: MPC Container Ships ASA
Sector: Transport & logistics
Country: Norway
Year: 2020
Type: AR2
Pages: 73
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MPC Container Ships ASA
Annual Report
The report highlights MPC Container Ships ASA's performance and strategic developments during the volatile year of 2020, which was heavily impacted by the COVID-19 pandemic. Despite a weak first half, the container shipping market experienced a sharp V-shaped recovery in the latter half, allowing the company to secure a sizeable charter backlog. To optimize its portfolio and ensure liquidity, the company completed several strategic vessel sales and raised NOK 420 million in equity through private placements and a subsequent offering. Additionally, the company successfully retrofitted selected vessels with exhaust gas cleaning systems (scrubbers) and ensured all vessels complied with the IMO's Ballast Water Management Convention.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Employees