Highlights 

o Strong operating revenues of USD 184.0 million (+14.9% YOY) including
non-recurring items of USD 22.0 million 
from a commercial agreement for the early redelivery of AS Anne in July 2023
o EBITDA was USD 140.4 million, compared to USD 145.8 million in Q3 2022. Adj.
for non-recurring items, EBITDA was 
USD 105.7 million (Q2 2022: USD 115.3 million)
o Following the sale of eight vessels in September and October 2023, non-cash
effective Held for Sale Losses and 
Impairments of USD 26 million were recognized
o Profit for the period was USD 68.2 million. Adj. for non-recurring items, the
profit for the period was USD 81.9 
million compared to USD 94.0 million in Q3 2022 
o Adj. EPS was USD 0.18 (Q3 2022: USD 0.21) 
o Quarterly recurring dividend of USD 0.14 per share was declared 
o Average TCE was USD 27,531 per day in Q3 2023, down from USD 30,476 in Q3 2022
o Fleet utilization was 98.7% (Q3 2022: 96.9%)
o Revenue backlog as at September 30, 2023 was USD 1.0 billion with an average
remaining contract period of 1.7 
years
o Subject to certain assumptions, FY 2023 financial guidance is increased to
operating revenues of USD 690-700 
million (old: USD 675-690 million) and EBITDA of USD 500-515 million (old: USD
490-510 million)

As at September 30, 2023, the Group's fleet consisted of 65 vessels, with an
aggregate capacity of approximately 138,302 TEU. Of these vessels, a total of
nine were categorized as held for sale.

Commenting on the results, CEO of MPC Container Ships, Constantin Baack said:

"We are pleased to present our strong third-quarter financial results, achieved
during a period characterized by a continued softening of the market with
declining charter rates and asset values. These results highlight our
well-established market position, backed by a very strong balance sheet and
robust charter backlog. Furthermore, we are pleased to note that our strategic
actions addressing regulatory requirements have earned positive feedback from
customers, and contributed to securing forward employment, thus reinforcing our
balance sheet.

We continue to operate with a low leverage of 17% and with 67% of operating days
fixed for 2024 we have considerable earnings visibility, despite market
fluctuations. Importantly, our commitment to delivering strong shareholder
returns remains steadfast, and for Q3 2023 the Board has declared a recurring
dividend of USD 0.14 per share, totaling USD 62.1 million. This distribution
will bring dividends year-to-date to USD 293 million, reflecting a compelling
dividend yield of 43%."

Regarding the strategic development of MPCC, Baack added: 

"Our proactive strategic measures continue to align with our mission for fleet
optimization to meet regulatory changes and enhance the efficiency of our
vessels. In recent months, we have completed the sale of eight older, less
efficient vessels. Combined with the acquisition of five eco-design vessels
announced in the second quarter, these measures mark a decisive step forward in
revitalizing our fleet. In our active fleet management, we carefully consider
regulatory and operational aspects, such as CII-ratings and dry-docking
schedules, and our recent initiatives underscore our commitment to ensuring
continued operational excellence while further strengthening our financial
position. 

Moving forward, our focus remains on operating at a low financial leverage
whilst balancing strategic initiatives with consistent shareholder returns, and
fortifying shareholder value and long-term distribution capacity. We will
continue to navigate the prevailing market thoughtfully, maintaining operational
excellence and leveraging our strong competitive position to deliver enduring
shareholder value."


Key figures                   Q3 2023	  Q2 2023     Q3 2022   
                            (unaudited) (unaudited) (unaudited)
Operating revenues    USD m    184.0	   194.4       160.1   
EBITDA	              USD m    140.4	   142.7       145.8   
Adjusted EBITDA	      USD m    105.7	   110.5       115.3   
Profit for 
the period	      USD m     68.2	   101.5       124.5   
Adjusted profit 
for the period	      USD m     81.8	    87.7        94.0   
Operating cash flow   USD m    111.8	   130.7       124.2   
EPS 	              USD       0.15	    0.23        0.28   
Adjusted EPS	      USD       0.18	    0.20        0.21   
DPS*	              USD       0.14	    0.15        0.19
Total ownership days	       5,857	   5,460       5,466
Total trading days 	       5,778	   5,320       5,098
Utilization 	 	       98.7%	   97.4%       96.9%
Average TCE per day 	      27,531	  29,668      30,476
Average OPEX per day 	       6,986	   6,798       6,321
Leverage ratio	               17.0%       13.3%       18.2%

*Dividends per share (DPS) for Q3 2022 consisted of a recurring dividend of USD
0.16 per share and an event-driven dividend of USD 0.03 per share. On November
20, 2023, the Board of Directors declared a recurring dividend of USD 0.14 per
share for Q3 2023.

The above information is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.

Q3 2023 Earnings Call:

Constantin Baack, CEO, and Moritz Fuhrmann, CFO, will present the results in an
earnings call today at 15:00 CET / 09:00 ET, followed by a Q&A session. The
earnings call can be followed live via webcast or conference call and questions
can be submitted orally or in writing. 

A recording of the earnings call will be available on demand at the Company's
website after the live event.

The Q3 2023 report and presentation materials are attached to this release and
available at the Company's website at
https://www.mpc-container.com/en/financial-reports/

The webcast can be accessed through the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20231121_3/

Alternatively, participants may dial in using the below information: 

Pin code: 304648

Dial-in numbers:
NO: +47-21-956342
DK: +45 78768490
SE: +46-4-0682-0620
UK: +44-203-7696819
US: +1 646-787-0157

Toll-free number: 
+44 (0) 800-090-3361

For more information, contact:
ir@mpc-container.com 

About MPC Container Ships
MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage
provider focusing on small to mid-size container ships. Its main activity is to
own and operate a portfolio of container ships serving intra-regional trade
lanes on fixed-rate charters. The Company is registered and has its business
office in Oslo, Norway. For more information, please visit
www.mpc-container.com.

***
Forward-looking statements:
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company's regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward-looking statement.