MPC Container Ships' board of directors has been authorised to buy back up to 10% of the company's shares for just under $10m.
The board may repurchase a maximum of 8,425,300 shares worth up to NOK 84,253,000 ($9.8m) on the Oslo Stock Exchange, where MPC is listed.
MPC will pay not less than NOK 10 and no more than NOK 200 for each share, according to details released today.
