MPCC
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MPCC - overview
Established
2017
Location
Oslo, -, Norway
Primary Industry
Logistics & Distribution
About
MPCC is a container shipping company that specializes in sustainable shipping solutions, connecting global ports through an eco-friendly fleet designed to enhance operational efficiency and promote environmental stewardship. MPCC, founded in 2017 by Mahadi Hasan, operates from its headquarters in Oslo, Norway, focusing on sustainable container shipping. The company has engaged in 2 deals, with its most recent deal occurring on October 20, 2022, when STAR Capital sold its 10% stake in MPCC. MPC Container Ships ASA specializes in providing sustainable container shipping solutions, focusing on connecting global ports to efficiently meet the needs of communities and businesses.
The company operates a fleet of modern, eco-friendly container vessels designed to optimize operational efficiency while adhering to environmental, social, and governance (ESG) standards. Their services encompass the transportation of goods across various geographical markets, including Europe, Asia, and North America, ensuring that their shipping services align with the increasing demand for responsible and sustainable logistics solutions. In 2023, MPC Container Ships ASA reported a revenue of USD 711. 28 mn and an EBITDA of USD 416.
36 mn. The company generates revenue primarily through the chartering of its container vessels on a B2B basis, allowing clients to transport goods globally, which is structured through time charters with shipping lines and logistics companies. MPCC plans to expand its market reach by enhancing its fleet and exploring new geographic regions, with specific targets set for expansion by 2025. The recent funding from the sale of STAR Capital's stake will be utilized to support these growth initiatives, focusing on sustainable shipping solutions and improving operational efficiency.
Current Investors
STAR Capital , Brightstar Capital Partners
Primary Industry
Logistics & Distribution
Sub Industries
Logistics & Distribution
Website
http://www.mpc-container.com/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
MPCC - timeline of key events
MPCC - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|
| Revenue (USD) | 171,898,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | 6,233,000 | - | - | - |
| Operating Income (USD) | (43,421,000) | - | - | - |
| Operating Margin | (25.3%) | - | - | - |
| % EBITDA Margin | 3.6% | - | - | - |
| NET Income (USD) | (64,491,000) | - | - | - |
| % Net Margin | (37.5%) | - | - | - |
MPCC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | MPCC | - | ||||||||
| Buyout | Completed | MPCC | - |
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MPCC - employee data
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