MPCC.OL MPC Container Ships
Container · Container · 89 documents
MPC Container Ships' 48-vessel container fleet has no fleet-rate estimate this quarter. The fleet is chartered out at fixed rates, so there is no spot market to price the open days against. Its dividend is still forecast at between $0.0182 and $0.0303 a share for 2026Q3, by its stated payout policy (STATED payout policy on MODELLED earnings).
Yields annualise each quarter ×4 at the last close, $3.05 (2026-10-19). Our model is not company guidance.
What will MPC Container Ships pay for 2026Q3?
Stated policy: “its intention is to pay regular dividends by way of distributing 30-50% of the profit for the period after taking into account CAPEX, working capital needs, liquidity reserves and other adjustments, including one-off effects.”
Rates in, dividend out 2026Q3
Model Your scenarioSet a rate per vessel class and the statement below re-prices: our model’s figures in one column, yours beside them. These are your numbers, not our forecast and not company guidance; nothing you set is saved.
Latest rates
| Class | Company earned | Booked 2026Q3 | Market now | 8 weeks |
|---|---|---|---|---|
| Container | $24,9512026Q2 · fleet avg | —none printed | —no open $/day series |
Company earned: the issuer’s own reported TCE (linked). Booked: cover the issuer printed for 2026Q3. Market now: the median across the broker route prints we hold for the class — a derived blend, not a vendor index; the trend is rebased to 100 eight weeks ago.
Your rates every day is at your rate
This company files vessel-days but no rate per class, so every class starts at the last reported fleet rate of $24,951/d.
2026Q3 P&L and cash
| Line | Model | Your scenario | Δ | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Vessel-days, days modelledShips on the fleet list × the quarter's calendar days for container: no off-hire or drydock days are deducted there. |
4,416 | 4,416 | |||||||||
By class
| |||||||||||
| Fleet TCE, $/day | 24,951 | 24,951 | |||||||||
Revenue (TCE basis), $m modelledVessel-days × fleet TCE. |
110.2 | 110.2 | |||||||||
Vessel opex, $m assumed2026Q2: $36.7m over 4,416 vessel-days, held per day. |
(36.7) | (36.7) | |||||||||
G&A, $m assumed2026Q2: $3.9m over 4,416 vessel-days, held per day. |
(3.9) | (3.9) | |||||||||
| EBITDA, $m assumed | 69.6 | 69.6 | |||||||||
Hire for chartered-in ships, $mNot on file for any quarter (not extracted, or not disclosed). |
— | — | |||||||||
Interest expense, $m assumed2026Q2: $7.2m over 4,416 vessel-days, held per day. |
(7.2) | (7.2) | |||||||||
Scheduled debt amortisation, $m stated2026Q4: $12.8m over 4,416 vessel-days, held per day (the issuer’s scheduled principal). |
(12.8) | (12.8) | |||||||||
Drydock cost, $mNo separate drydock cash line on file. |
— | — | |||||||||
Cash break-even, $/day assumedΣ cash costs above ÷ vessel-days. |
13,724 | 13,724 | |||||||||
| Cushion vs fleet TCE, $/day | 11,227 | 11,227 | |||||||||
Free cash flow to equity, $m assumedRevenue − cash costs: the cash available for distribution. |
49.6 | 49.6 | |||||||||
Maintenance capex, $mNot disclosed as a cash line; not in the model’s cash. |
— | ||||||||||
Dividend policy
“its intention is to pay regular dividends by way of distributing 30-50% of the profit for the period after taking into account CAPEX, working capital needs, liquidity reserves and other adjustments, including one-off effects.”
| Output | Model | Your scenario | Δ |
|---|---|---|---|
| Estimated DPS, $/share | $0.02 | ||
| Forward yield, run-rate % | 3.2% | ||
| vs last declared ($0.04, 2026Q2) | -39% |
Yield annualises the quarter’s DPS × 4 (a run-rate, not a forecast of the year) against the $3.05 close on 2026-10-19.
This dividend is set by policy, not by the rate — your scenario moves the cash line, not the DPS.
Showing the model’s own figures. Setting your own rates needs JavaScript.
Dividend per share declared · model
Market context — rates, the dividend, and the price
Rates and dividend — realized rate and declared
Bars are the fleet TCE this issuer reported.
The line is the declared dividend per share — dashed where it is the model's estimate. Model estimate — not issuer guidance.
Forward (our model — model quarter ×4): $0.10/yr · @ $3.05 (as of 2026-10-19) = 3.2% yield (spot-exposure scenario) · Trailing TTM $0.18/yr = 5.9%
Price and the yield it implied
Latest: 2026-Q2 declared $0.04/share on 2026-08-26, 5.4% annualised against the $2.95 close that day.
The continuous line is the daily closing price in dollars — the raw close, not a dividend-adjusted one, which would back-adjust away the very payouts being measured. The second line carries 4 declared dividends and is marked nowhere else — each annualised ×4 and divided by the close on, or last before, the day it was declared. A quarter with no dividend has no mark. The segments between the marks connect them; they are not measured. This is what the share yielded at the time, not what those dividends would yield at today's price. Prices start 2025-08-29, so anything declared before then is not plotted.
Next-quarter fleet TCE: — (container: charter-out fleet earns fixed TC per the fleet list (owner 2026-09-05) — no lane spot proxy, estimate stays dark without issuer fixed-coverage guidance)
How we got the number
Dividend history & forecast accuracy
Upcoming
| Quarter | Ex-date (est.) | Forecast DPS | Actual DPS |
|---|---|---|---|
| 2026Q3 E | — | $0.02 | — |
| Period | DPS | Kind | Ex-date | Pay date | Source |
|---|---|---|---|---|---|
| 2026-08-26 | $0.04/share | regular | — | — | as of 2026-08-26 key information announcement |
| ex 2026-06-19 | $0.04/share | regular | 2026-06-19 | — | as of 2026-06-19 ex-dividend notice |
| 2026-Q2 | $0.04/share | regular | — | — | as of 2026-08-26 read by hand from the filing · regular |
| 2026-05-27 | $0.04/share | regular | — | — | as of 2026-05-27 key information announcement |
| ex 2026-03-20 | $0.05/share | regular | 2026-03-20 | 2026-03-27 | as of 2026-03-27 key information announcement |
| 2026-Q1 | $0.04/share | regular | — | — | as of 2026-05-27 read by hand from the filing · regular |
| ex 2025-12-11 | $0.05/share | regular | 2025-12-11 | 2025-12-18 | as of 2025-12-18 key information announcement |
| 2025-Q4 | $0.05/share | regular | — | — | as of 2026-02-24 read by hand from the filing · regular |
Older dividends (13 more)
| Period | DPS | Kind | Ex-date | Pay date | Source |
|---|---|---|---|---|---|
| ex 2025-09-22 | $0.05/share | regular | 2025-09-22 | 2025-09-26 | as of 2025-09-26 key information announcement |
| 2025-Q3 | $0.05/share | regular | — | — | as of 2025-11-27 read by hand from the filing · regular |
| ex 2025-06-20 | $0.08/share | regular | 2025-06-20 | 2025-06-27 | as of 2025-06-27 key information announcement |
| 2025-Q2 | $0.05/share | regular | — | — | as of 2025-08-26 read by hand from the filing · regular |
| ex 2025-03-20 | $0.09/share | regular | 2025-03-20 | — | as of 2025-03-20 ex-dividend notice |
| 2025-Q1 | $0.08/share | regular | — | — | as of 2025-05-22 read by hand from the filing · regular |
| ex 2024-12-12 | $0.10/share | regular | 2024-12-12 | 2024-12-19 | as of 2024-12-19 key information announcement |
| 2024-Q4 | $0.09/share | regular | — | — | as of 2025-02-25 read by hand from the filing · regular |
| ex 2024-09-17 | $0.10/share | regular | 2024-09-17 | 2024-09-24 | as of 2024-09-24 key information announcement |
| ex 2024-06-20 | $0.13/share | regular | 2024-06-20 | 2024-06-27 | as of 2024-06-27 key information announcement |
| 2024-Q2 | $0.05/share | regular | — | — | as of 2025-08-26 declaration |
| 2024-Q1 | $0.08/share | regular | — | — | as of 2025-05-22 declaration |
| 2023-Q1 | $0.13/share | regular | — | — | as of 2024-05-28 declaration |
DPS method: its stated payout policy.
Financials & fleet
Latest quarter 2026Q2 2 qtrs old
48× vessels current
Fleet model — 2026Q3
Fleet model estimate — not issuer guidance.
| Class | Ships | TC | Spot | % Fixed | Guided $/d | Spot $/d | Blended $/d | Vessel-days | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| Container | 0 | — | — | — | — | — | — | 4,416 | — |
| Total | 0 | — | 4,416 | — | |||||
Bear uses booked coverage only; Base prices open vessels at the company's own last realized fleet rate — no market index covers this fleet, so there is no peak-index Bull case.
Current quarter — 2026Q4
20/92 days elapsed (22%) · Est. revenue to date $24.0M of $110.2M projected
| Class | Ships | TC | Spot | % Fixed | Guided $/d | Current $/d | vs guided | Blended $/d | Rev $M |
|---|---|---|---|---|---|---|---|---|---|
| Container | 0 | — | — | — | — | — | — | — | — |
| Total | 0 | — | — | ||||||
Profit statement highlights
| Line | 2026Q2 | 2026Q1 | YoY Δ |
|---|---|---|---|
| Revenue | $116.9M | $118.9M | -15.2% |
| Opex | $36.7M | — | — |
| Net income | — | — | — |
reconciliation: insufficient data for an earnings bridge (2026Q2) earnings bridge incomplete — treat income-derived figures as provisional
Full P&L grid — 6 quarters
| Line item | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Revenue $M | 116.9 | 118.9 | 127.0 | 125.9 | 137.9 | 127.1 |
| Voyage expenses $M | — | — | — | — | — | — |
| Vessel opex $M | 36.7 | — | — | — | — | — |
| G&A $M | 3.9 | — | — | — | — | — |
| Depreciation $M | — | — | — | — | — | — |
| Interest expense, gross $M | 7.2 | — | — | — | — | — |
| Net income $M | — | — | — | — | 78.1 | 59.7 |
| Declared DPS | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.08 |
Realized fleet TCE
Realized fleet TCE versus benchmark: 6 points, 2025-01-01 to 2026-04-01; Realized fleet TCE latest 24,951.00.
Benchmark comparison will appear once issuer-printed benchmark data is available.
Guidance & sources
Sources — press, filings & documents
Press & filings by quarter
Recent documents
- mfn 2026-10-08T07:00:00 MPC Container Ships ASA: Notice of Extraordinary General Meeting (2026-10-08)
- mfn 2026-09-21T07:00:04 MPCC: Ex-dividend USD 0.04 today (Q2 2026) (2026-09-21)
- mfn 2026-09-21T07:00:00 MPCC: Ex-dividend USD 0.04 today (Q2 2026) (2026-09-21)
- mfn 2026-09-16T07:00:11 MPCC: MPCC to present at the Pareto Securities' Energy Conference (2026-09-16)
- mfn 2026-09-16T07:00:00 MPCC to present at the Pareto Securities' Energy Conference (2026-09-16)
- mfn 2026-08-26T07:02:00 Key information relating to the cash dividend to be paid by MPC Container Ships ASA (2026-08-26)
- mfn 2026-08-26T07:00:00 MPC Container Ships Reports Q2 2026 Results (2026-08-26) reportpdf
- MFN announcement archive 2026-08-19T07:00:04 MPCC: Invitation to Q2 2026 Earnings Call (2026-08-19)
- mfn 2026-08-19T07:00:00 MPCC: Invitation to Q2 2026 Earnings Call (2026-08-19)
- mfn 2026-07-02T09:52:00 MPC Container Ships ASA: Registration of share capital increase (2026-07-02)
- MFN announcement archive 2026-07-01T11:02:24 MPCC: Flagging i MPC Container Ships ASA (2026-07-01)
- MFN announcement archive 2026-07-01T08:28:06 MPCC - Major Shareholding Notification (2026-07-01)