MPCC could be debt free in 2022 as markets stay 'elevated'

Oslo-listed MPC Container Ships (MPCC) should be able to eliminate net debt next year as markets are tipped to remain "elevated".

Frode Morkedal, managing director of research at Clarksons Platou Securities, said the German shipowner could generate operating cash flow of $530m in the next 18 months.

This is based on the present backlog and assumes current three-year time-charter rates are booked for open ships next year.