Shippingtelegraph: KfW IPEX-Bank finances 10 new boxships for MPC Container Ships

Published by shippingtelegraph

KfW IPEX-Bank, as the mandated lead arranger with a share of $100m, is leading the financing of ten new container vessels for a German subsidiary of MPC Container Ships ASA (MPCC).

The financing volume totals around $375m, according to KfW IPEX-Bank, with a total investment cost of around $535m. Société Générale is the active bookrunner and agent of the syndicate financing, while other international banks are likewise part of this financing.

The financed fleet of newbuilds will include vessels with capacities of 3,700 and 4,500 TEU, expected to be delivered between January 2028 and May 2029.

KfW IPEX-Bank said all ten vessels are chartered in the long term to the German company Hapag-Lloyd AG. The engines were designed by European manufacturers, while essential sub-components of the vessels were supplied by European manufacturers and assembled at the shipyards in China.

MPCC is a large tonnage provider in the intra-regional container vessel market, with a fleet of 67 vessels (approx. 210,000 TEU). It is currently engaged in an extensive fleet renewal and retrofit programme worth more than $1.8bn.