MPC Container Ships (MPCC) has blamed global tensions and tough shipping markets for a bigger loss in the fourth quarter.

The Oslo-listed feedership player said its net deficit was $5.05m, against $2.19m in the same period of 2017.

The expanded fleet of 69 ships brought in revenue of $52.5m, versus $13.18m the year before.

But higher depreciation of $9m and finance costs of $5.4m