After three years of Jumbo SAL Alliance, the members Jumbo Maritime and SAL Heavy Lift have been joined by their American sister Intermarine. The addition of the multipurpose and liner operator means a new heavy-lift...Read more
ShippingThe charter rates continue their upward trend and have now broken through the 10,000 dollar barrier. While the rates are up 61% year-on-year, shipping broker Toepfer Transport says the current levels do not represent record...Read more
ShippingAAL Shipping (AAL) is improving its safety and operational standards to meet the latest 2020 IMO Intact Stability Code standards, which currently are only mandatory for new vessels. “Nevertheless, we decided to harmonize these new...Read more
ShippingDrewry expects the growth of the multipurpose and heavy-lift sector to slow in the second quarter and third quarter. Conditions will remain favourable, but growth is not expected to be as strong as it was...Read more
Jumbo has carried out a record trip in India, calling five ports in 29 days and loading and delivering thousands of tonnes of project cargo. This is the longest time a Jumbo vessel has stayed...Read more
Charter ratesDrewry’s Multipurpose Time Charter Index confirms that MPV-operators are experiencing an upward trend in charter rates to beyond pre-pandemic levels. The conditions are expected to at least last as long as the disruptions in the...Read more
ShippingUnited Heavy Lift has taken delivery of the first of eight newly built F900 heavy-lift vessels, the MV UHL Faith. With the investment, the German project carrier wants to contribute to eco-friendly shipping and further...Read more
ShippingAfter almost two years of intensive negotiations and preparations, Jüngerhans has succeeded in securing financing for 10 heavy-lift ships.Read more
ShippingPRESS RELEASE – As of November 1st, 2020, managing director Ki Jun Park of Jumbo Korea hands over the management to Jason Hwang. Park will continue as an advisor to the board, ensuring that Jumbo...Read more
Charter ratesThe charter rates for multipurpose vessels keep slowly improving from their downfall earlier this year. In the latest edition of Toepfer’s Multipurpose Shipping Index, the average day rate for a 12,500 dwt geared vessel now...Read more
Shipping outlookCharter rates for multipurpose ships are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not contained, says...Read more
There’s little chance left that multipurpose and heavy-lift vessels will see any demand growth this year following the outbreak of the coronavirus. “Any anticipated recovery will not be sufficient to offset contractions of the first...Read more
