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June 22 , 2021 MPC CONTAINER SHIPS ASA SIGNS AGREEMENT TO ACQUIRE SONGA CONTAINER AS AND OPERATIONAL UPDATE Regulatory Oslo , 22 June 2021 - MPC Container Ships ASA ( " MPCC " or the " Company " ) is pleased to announce that it has entered into a share purchase agreement to acquire Songa Container AS ( " Songa " ) for an aggregate purchase price of USD 210.25 million on a debt and cash free basis ( the " Transaction ” ) . Upon closing of the Transaction Songa's fleet will comprise 11 container vessels with an average size of 2,250 TEU and an average age of 11.9 years ( the “ Songa fleet " ) under the assumption of Songa having completed the sale of its vessels Songa Haydn , City of Hong Kong and FS Ipanema . Nine of the acquired vessels are fitted with scrubbers while three are equipped with the highest ice - class and hence well suited for Baltic trades . Constantin Baack , Chief Executive Officer of MPC Container Ships ASA commented : " This transaction is backed by our strong belief in the sustainable container market fundamentals and the desire to take advantage of the significant lag between asset values and rates . The structure of the transaction creates an immediate and accretive impact to our earnings in a container market that continues to strengthen by the day . "