Multipurpose time charter index beats forecast
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has beaten the consultancy’s prediction from last month helped by the jump experienced by larger multipurpose vessels. Read more
MPP sector not spared from Panama Canal, Red Sea issues
Drewry's OpinionThe multipurpose (MPP) shipping sector has not been spared from the disruptions in traffic flows in the Panama and Suez Canals. According to shipping consultancy Drewry, weather-related restrictions on the Panama Canal and the recent...Read more
Multipurpose Index bumped by issues in major canals
Drewry's OpinionThe Drewry Multipurpose Time Charter Index was significantly “helped” by the issues with both the Suez Canal and the Panama Canal. The Index hit a value of $9,048 per day in April, beating Drewry’s forecast. Read more
Red Sea circumnavigation bumps MPP Index up in March
Toepfer Transport ReportSimilar to its counterpart from Drewry, Toepfer Transport’s MPP Index, has been propped up by traditional market movements and the effects of the Houthi militia attacks in the Red Sea. It all resulted in the...Read more
Multipurpose index continues gradual climb on high utilisation
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has continued its gradual climb during the early period of 2024. The consultancy stressed that the ongoing Red Sea situation is giving the fleet a significant utilisation boost. Read more
Multipurpose index sees little movement over year-end
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has continued its modest climb in the last month of 2023, although, it came short of the predicted level. The holiday period may have had a hand in little...Read more
Could China’s multipurpose vessel orderbook dominance spell trouble?
Drewry's OpinionThe multipurpose vessel (MPV) orderbook to date is dominated by China, both in number of vessels and total dwt, Drewry’s analysts say. At the same time, China has exclusively been building all the high-capacity ships...Read more
Multipurpose index inching upwards with seasonal upticks across segments
Drewry's OpinionThe Drewry Multipurpose Time Charter Index could see an uptick in November as a potential rush in some segments is expected. For the month of October, the index was above the forecasted value. Read more
Can MSC’s bid change HHLA’s fortunes?
Drewry's OpinionUnexpected as it may have been, the offer made by the Mediterranean Shipping Company (MSC) to buy a major stake in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), could potentially turn around the fortunes of the...Read more
Multipurpose vessel rates decline eases, project market support continues
Drewry's OpinionThe Drewry Multipurpose Time Charter Index for the month of August has beaten the previous forecast by the consultancy. While the decline is expected to continue, it will not be a significant drop in September. Read more
Scrapping candidates appear here and there in the multipurpose sector
Drewry's OpinionWith the time charter rates for the multipurpose vessels (MPV) falling since the previous year’s high levels, operators are now looking to send older vessels in their fleet for demolition. During the peak charter rates,...Read more
Project market keeps supporting multipurpose vessel charter rates
Project market continues to prop up multipurpose charter rates, although Drewry’s Multipurpose Time Charter Index continued its slight decline in June. The consultancy said in its report that the decline was in line with its...Read more
Drewry: headwinds for Russian multipurpose sector may bring positives elsewhere
War in Ukraine has certainly had an effect beyond the borders of the country and the multipurpose vessel industry was not exempt. Russia’s attack on Ukraine brought some uncertainties in the global multipurpose vessel (MPV)...Read more
Drewry: multipurpose vessel rates drop to continue pressured by containers, RoRo
Pressure on the multipurpose vessel charter rates from other sectors like containers, RoRo and drybulk continues, as reflected in the new charter rates assessment by Drewry. The consultancy noted its Multipurpose Time Charter Index has...Read more
Drewry: container carriers back in for breakbulk cargoes pushing multipurpose rates down
Over the month of March 2023, Drewry Multipurpose Charter Index slipped as expected with container carriers returning as competitors for breakbulk cargoes, putting more pressure on the multipurpose vessel rates. Read more
Drewry’s multipurpose vessel index dips more than expected in February
The Drewry Multipurpose Time Charter over the month of February dipped below forecasted value, as rates in the shortsea sector took a tumble. However, the consultancy believes that project cargoes suited to the multipurpose vessel...Read more
Drewry: multipurpose index remains flat in January
The Drewry Multipurpose Time Charter Index remained relatively flat in January, with the sector settling into a slower decline. Analysts at the research and consulting services provider to the maritime and shipping industry expect the...Read more
Drewry: multipurpose sector to beat competitors
While multipurpose vessel rates are expected to soften through 2023, the rate of decline is expected to be less than in competing sectors such as containerships and handysize dry bulk carriers, according to the latest...Read more