Germany’s MPC Container Ships (MPCC) has explained why it is reluctant to sell any more ships in strong markets.

The Oslo-listed feeder vessel owner has offloaded 11 units since last August after deciding on their prospects when charters came up for renewal.

Chief executive Constantin Baack told analysts on a conference call: “So when charters are up for renewal and you can get an attractive price in the S&P [sale-and-purchase] market, we would also consider selling ships for the time being.”