- MPC Container Ships ASA press release (OTCPK:MPZZF): Q1 Non-GAAP EPS of $0.17.
- Revenue of $147.5M (-18.1% Y/Y) beats by $15.58M.
- Average TCE was $27,452 per day in Q1 2024, compared to USD 30,989 in Q1 2023.
- Fleet utilization was 98.9%, up from 97.1% in Q1 2023.
- The financial guidance for 2024 has been increased to operating revenues in the range of $475M-$490M (previous: $435M-$470M) and EBITDA in the range of $280M-$305M (previous: $240M-$280M).
- As at March 31, 2024, the Group’s fleet consisted of 56 vessels, with an aggregate capacity of approximately 126,035 TEU.