Expanding MPC Container Ships is aiming to raise between $150m and $200m in another share sale to add more vessels.

The Oslo-listed start-up has retained DNB Markets and Fearnley Securities to conduct a private placement to Norwegian and international investors.

The contemplated price range is between NOK 47 ($5.73)and NOK 49, against NOK 53.50 currently.

The cash will be used to "pursue future investments in container vessels and general corporate purposes."