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
PCJ Live: The industry urgently needs more MPP vessels
The global fleet of multi-purpose (MPP) vessels is shrinking, as demand for offshore work is increasing rapidly. Serious bottlenecks are to be expected in Europe by 2030.Read more
Drewry: multipurpose index continues downward trend into the holidays season
Charter rates in the multipurpose sector are continuing to decline as reflected by the latest figures in the Drewry Multipurpose Time Charter Index. The Index slipped again in November, reaching $9,950/day, the consultancy said in...Read more
Drewry: multipurpose index drop slows in October
Spot market steadied over October which reflected in the Drewry Multipurpose Time Charter Index that slipped again, although slower compared to the previous month. The consultancy noted that its multipurpose index stoped just above the...Read more
Drewry: multipurpose vessel rates slide in September with more to come
Spot rates in the container and bulk sectors have slipped sharply over the month of September, even more than predicted by the maritime consultancy Drewry. The Drewry Multipurpose Time Charter Index slipped to an average...Read more
Drewry: multipurpose vessels charter rates slip faster than expected in August
Over the month of August, Drewry Multipurpose Time Charter Index continued the decline over August, albeit at a faster rate than expected. The index averaged $10,650 per day over the month, a drop of 2.5 percent...Read more
Drewry: multipurpose vessel charter rates continue downward trend
The downward trajectory of the Drewry Multipurpose Time Charter Index continued in July, and the weakening trend is not expected to stop any time soon. Read more
Drewry: multipurpose vessel charter rates to continue gradual drop
Charter rates for the multipurpose vessels fleet have continued to edge down with the shipping consultancy Drewry expecting the slow, gradual drop to continue in July. Read more
Drewry: multipurpose vessel rates continue to edge down
Charter rates for the multipurpose vessels fleet has continued its downwards path in the month of May, after remaining flat in April due to Covid lockdowns in China. According to the shipping consultancy, Drewry, the...Read more
Drewry: new lockdowns in China halt multipurpose vessels rates drop
Charter rater for the multipurpose vessels remained flat during the month of April, as new Covid lockdowns in China stopped the downwards trajectory. However, shipping consultancy, Drewry, expects its Multipurpose Time Charter Index to slip...Read more