MPC Container Ships (MPCC) boss Constantin Baack has revealed his gratitude after the company's refinancing plan was voted through by shareholders on Monday.

The extraordinary general meeting rubber-stamped a private placement of 260m new shares to raise NOK 260m ($27.5m).

Shareholders also gave the board permission to make another 35m new shares available for sale at NOK 1 per share, potentially raising a further $3.5m.