A new heavy-lift shipping alliance sees the light of day
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…
Shipping
Charter rates rise above 10,000 dollars
The 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…
Shipping
AAL improves safety and efficiency with performance control room
AAL Shipping (AAL) is improving its safety and operational standards to meet the latest 2020 IMO Intact Stability Code standards, which currently are only mandatory…
Shipping
Drewry expects MPV and heavy-lift growth to slow in second quarter
Drewry 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…
Indian bonanza for Jumbo
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.…
Charter rates
Drewry: charter rates will continue upward trend
Drewry’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…
Shipping
UHL expands fleet with eight new heavy-lift vessels
United 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…
Shipping
Jüngerhans succeeds in difficult heavy-lift fleet restructuring
After almost two years of intensive negotiations and preparations, Jüngerhans has succeeded in securing financing for 10 heavy-lift ships.
Shipping
Jason Hwang takes over as new director of Jumbo Korea
PRESS RELEASE – As of November 1st, 2020, managing director Ki Jun Park of Jumbo Korea hands over the management to Jason Hwang. Park will…
Charter rates
Charter rates claw back slowly
The 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…
Shipping outlook
Drewry: charter rates won’t recover until end of 2021
Charter 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…
Demand growth for multipurpose shipping wiped out by coronavirus
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…