Oslo-listed MPC Container Ships (MPCC) has added more firepower in its continuing quest for boxship tonnage.
A $40m three-year revolving credit facility is being provided by CIT Group at "attractive terms", it said.
The money may be used towards investments, vessel upgrades or general corporate purposes, it added.
CEO Constantin Baack said: "We are very satisfied with the cooperation demonstrated by CIT’s maritime finance team and their support in further positioning MPC Container Ships as a leading tonnage provider within the feeder container space.
"With the new credit facility, we add a highly flexible instrument to our capital structure whilst adhering to the company’s strategy of moderate leverage.
"Moreover, the facility ensures additional financial strength for MPC Container Ships in anticipation of improved market conditions."
The company has been growing rapidly over the last two years, reaching 69 ships.
But it has stated an ambition to build the fleet to 100.
