Topic: Heavy-lift vessels

Charter rates continue to shoot up sharply

Charter ratesDemand for multipurpose vessels is booming. The charter rates have shot up by 7.6% month on month to USD 8,902 on average, shows Toepfer’s Multipurpose Shipping Index. That is nearly 18% more than this time last...Read more
|Comment|author: Adnan Bajic

Charter rates have bottomed out

Charter ratesThe charter rates for multipurpose vessels have bottomed out. Toepfer’s Multipurpose Shipping Index for July shows the rates bouncing back a notch to 6,391 dollars per day for a 12,500 dwt geared vessel. Read more
|Comment|author: Adnan Bajic

Coronavirus likely to spur decommissioning frenzy

DecommissioningWith few profitable investment opportunities left as a result of the coronavirus, oil companies will likely increase their spending on decommissioning contracts. Global projects through 2024 could reach a value of 42 billion dollars, say...Read more
|Comment|author: Adnan Bajic

Media: Zeamarine is disposing of vessels

RestructuringZeamarine is reportedly disposing of vessels to deal with its financial losses. The fast-growing shipping company last month announced that it has hired a restructuring specialist to take over the management of the company and...Read more
|Comment|author: Adnan Bajic