Greek boxship owner Nikolas Pateras has proposed to buy 19 vessels in the fleet of MPC Container Ships (MPCC), a German company under financial restructuring, TradeWinds is told.

The proposal by Pateras company Contships Management applies to the part of the MPCC fleet that was financed with the help of $200m worth of high-yield bonds maturing in September 2022.

MPCC has funded 39 of its 68 vessels through these bonds.