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
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
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
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
Daily rates rise for the multipurpose vessels have started petering out, with the shipping consultancy Drewry expecting the downward trend to continue further into April. Read more
Short-term implications of Russia’s attack on Ukraine for the multipurpose vessels (MPVs) sector are unclear. Shipping consultancy Drewry, however, expects the war may slow down further rates increases.Read more
Rates for multipurpose vessels (MPVs) during January landed higher than expected by the shipping consultancy Drewry. Subsequently, the consultancy has also revised its expectations for the first quarter of 2022, expecting additional rise in February. Read more
The charter market for multipurpose vessels (MPVs), including both breakbulk and project cargo carriers, is expected to remain strong through 2022, supported by the continued prevalence of Covid-19 and the resultant global supply chain disruption.Read more
Multipurpose vessels (MPVs) could continue to be used to alleviate the supply shortages in the container sector well into 2022, according to the shipping consultancy Drewry. Breakbulk cargoes are also expected to continue seeking available...Read more
Both container and bulk sectors experience weaker growth over the month of November with both sectors reporting spot rates dropping from record highs. This was the major contributor to Drewry Multipurpose Time Charter Index (MPV...Read more
Capacity constrains in the multipurpose vessel (MPV) capacity have kept the spot market demand high but the forward projection for both container and bulk markets started to weaken. As a result, shipping consultancy Drewry noted...Read more
The orderbook for new multipurpose vessels, which include breakbulk and project cargo ships are again lagging behind the dry bulk and containership. The MPV newbuild orders are not expected to reach pre-Covid levels this year...Read more
The Drewry Multipurpose Time Charter Index (MPV Index) jumped almost 7 percent in August, beating the shipping consultancy’s forecast of a slower rise. To remind, the shipping consultancy Drewry expected the index to edge up...Read more
The UK-based shipping consultancy Drewry reported a slowdown in the rise of time charter rates, lifting its Multipurpose Time Charter Index by 1.4 percent. Read more
The UK-based shipping consultancy Drewry expects charter hire rates for the multipurpose and heavylift fleet to continue to rise from their current peak for the remainder of the year. Read more
The UK-based shipping consultancy Drewry noted continued rise in rates across all sectors lifting its Multipurpose Time Charter Index by 7.1 percent in June. Read more
ShippingDrewry’s Multipurpose Time Charter Index increased to USD 8,339 per day in May, representing a rise of 4.3% compared to the 2.5% rise seen in the previous month. The index is up 28% since the...Read more
Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by...Read more
ShippingPRESS RELEASE – Shipping consultant Drewry has partnered with Freightender to combine Drewry’s combining ocean freight cost benchmarking and procurement support services with Freightender’s cloud-based procurement technology platform.Read more
The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half of the year as capacity constraints and supply chain disruptions in competing sectors ease. Global shipping consultancy Drewry states...Read more