Highlights 

o Strong operating revenues of USD 152.8 million.
o EBITDA was USD 93.6 million, compared to USD 127.0 million in Q4 2022. Adj.
for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3
million).
o Non-recurring impairment charges of USD 34.9 million and USD 6.5 million in
loss of disposal recorded in the period (both non-cash effective)
o Profit for the period was USD 35.7 million. Adj. for non-recurring items, the
profit for the period was USD 78.5 million compared to USD 91.0 million in Q4
2022.
o Adj. EPS was USD 0.18 (Q4 2022: USD 0.21) and the Board declared a quarterly
recurring dividend of USD 0.13 per share.
o Average TCE was USD 27,405 per day in Q4 2023, down from USD 31,279 in Q4 2022
o Fleet utilization was 98.2%, up from 97.8% in Q4 2022
o For 2024, management currently expects, subject to certain assumptions,
operating revenues in the range of USD 435-470 million and EBITDA in the range
of USD 240-280 million.
o As at December 31, 2023, the Group's fleet consisted of 59 vessels, with an
aggregate capacity of approximately 126,943 TEU. Of these vessels, three were
categorized as held for sale.

Commenting on MPCC's results in the fourth quarter and for the full year of
2023, CEO, Constantin Baack, said:

"As we reflect on the full year of 2023, I am pleased to share MPC Container
Ships' continued resilience, progress, and sustained strong financial
performance. Throughout the year, we remained committed to delivering value to
our shareholders, maintaining operational excellence in a volatile market
environment with modest growth and geopolitical challenges.

Our financial performance in the fourth quarter underscores our consistent track
record. Utilization remained high at 98.2%, and we continue to adhere to our low
leverage-strategy, with our leverage standing at 13.3% at the end of 2023,
whilst 38 vessels in our fleet are debt-free. Furthermore, our backlog remains
robust, with contracted revenues of USD 1 billion and 78% of available trading
days covered for 2024. Our backlog provides us with significant earnings
visibility and reinforces our confidence in the year ahead.

A key feature of our performance is our commitment to shareholder returns.
Throughout the year, we distributed approximately USD 293 million in dividends,
corresponding to a dividend yield of 43% for the year. Including the dividend
declared for the fourth quarter, our total dividends distributed and declared
over the last twelve months amount to approximately USD 350 million,
representing more than 50% of the company's market cap at the beginning of
2023."

Throughout 2023, MPCC has emphasized sustainability initiatives, aiming to
reduce carbon emissions, and working closely with our charter customers to
conclude mutual projects and investments, with an aim ti foster a more
environmental maritime landscape. 

Speaking to MPCC's ESG ambitions and collaboration with customers, Constantin
Baack added:

"In 2023, MPCC continued to prioritize sustainability as a means to drive
forward our overall strategic goals. With investments into efficiency-enhancing
retrofits together with our charter customers and several dual-fuel and
eco-design newbuildings under construction, we aim to decrease GHG emissions and
enhance the long-term competitiveness of our fleet, creating long-term
shareholder value. 

Furthermore, MPCC recently set new greenhouse gas emissions intensity reduction
targets in line with the IMO's industry carbon intensity targets, demonstrating
our dedication to decreasing emissions while we remain strongly committed to our
low-leverage strategy and distribution policy."

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


Q4 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 accessed 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 has concluded.

The Q4 2023 report and presentation materials are attached to this release and
available at the Company's website at https://www.mpc-container.com/investors/

The webcast can be accessed through the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20240227_3/

Alternatively, participants may dial in using the below information: 

NO: +47 21 95 63 42
DE: +49 30 2178 9327
UK: +44 20 3769 6819
US: +1 646 787 0157
DK: +45 78 76 84 90
SE: +46 40 682 06 20

PIN code: 304648

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.