MPC Container Ships (MPCC) is targeting the acquisition of 100 feeder containerships, despite the rise in boxship values, says chief executive Constantine Baack.
Pending purchases are expected to raise its feeder fleet to more than 50 vessels, but the target remains double that, Baack confirms.
He says MPCC is likely to remain a buyer as long as secondhand values are at a significant discount to newbuilding values.
