Multipurpose sector needs newbuilds, no orders on the horizon
Drewry's OpinionDemand for tonnage in the multipurpose vessel (MPV) space is expected to grow, but the newbuild order activity is still not following the expected trajectory. According to the shipping consultancy Drewry, the growing demand outlook...Read more
Multipurpose index continues to rise
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has once again gone above the mark forecasted by the shipping consultancy, and the upward trend is expected to continue in July. Read more
UHL completes F900 Eco-Lifter MPP program, UHL Fable delivered
United Heavy Lift, a provider of ocean transport services for heavy lift, breakbulk and project cargo has completed its F900 Eco-Lifter MPP newbuilding program. The company has taken delivery of the 19th vessel in the...Read more
Two more Lakermax MPPs pass sea trials
Briese Schiffahrts GmbH & Co. KG is going full steam ahead with its 13,000 dwt Lakermax multipurpose newbuild fleet. Following the delivery of BBC Leer, the first in the series of fifteen vessels, the company...Read more
Carsten Rehder orders construction of up to eight multipurpose vessels
German shipowner Carsten Rehder has placed an order with Garden Reach Shipbuilders & Engineers (GRSE) for the construction of up to eight multipurpose vessels. Read more
Disrupted schedules, higher costs for project cargo movement
The ongoing issues in the Red Sea have created a complex situation for project cargo transport and all the parties involved, shippers, carriers, and freight forwarders. The situation comes with both opportunities and challenges arising...Read more
Rising container rates bump up MPP index, but bubble is expected to burst
Container rates have seen a surge recently, which has resulted in positive development of the MPP charter rates as well. According to Xeneta, prices for 40 ft high-cube containers in China rose 45 per cent...Read more
BBC Leer enters service
BBC Chartering has put its newly built 13,000 dwt multipurpose triple-decker, BBC Leer, into service as it sailed from the Taizhou shipyard in China. The vessel headed to the Morimatsu facility in Nantong according to...Read more
Vertom Group takes delivery of fifth LABRAX MPP, Vertom Anette
Thecla Bodewes Shipyards has delivered another multipurpose (MPP) dry cargo vessel to the Vertom Group. The yard has officially handed over the 7,280 dwt Vertom Anette at the Harlingen facility. Read more
Multipurpose time charter index beats forecast
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has beaten the consultancy’s prediction from last month helped by the jump experienced by larger multipurpose vessels. Read more
BBC Leer heavy-lift MPP ready to serve BBC Chartering
the first LakerMax deliveredLeer-based Briese Group will take delivery of its first LakerMax newbuild from Taizhou Sanfu Heavy Industry, China. The BBC Leer is the first of fifteen 13,000 dwt multipurpose triple-deckers that will be delivered to the...Read more
AAL orders two more Super B-Class MPPs
Project heavy lift carrier, AAL Shipping, has expanded its order of Super B-Class vessels with two new 32,000 dwt units. Counting the recently delivered AAL Limassol, the order at CSSC Huangpu Wenchong Shipbuilding Company in...Read more
MACS and HSS set up joint agency operation in Bilbao
VINETA-owned maritime carriers MACS Maritime Carrier Shipping (MACS) and HUGO STINNES Schiffahrt (HSS) set up a joint agency operation in Spain, effective May 15th, 2024.Read more
Revival of the heavy-lift segment
DNV ReviewThe heavy-lift shipping segment is experiencing a revival, propelled by the burgeoning wind energy industry and its need for specialized vessels to transport oversized cargo. This positive trend comes despite a recent downturn in freight...Read more
MPP sector not spared from Panama Canal, Red Sea issues
Drewry's OpinionThe multipurpose (MPP) shipping sector has not been spared from the disruptions in traffic flows in the Panama and Suez Canals. According to shipping consultancy Drewry, weather-related restrictions on the Panama Canal and the recent...Read more
MPP Index rate up with fleet utilisation
Toepfer Transport ReportToepfer Transport’s MPP Index is continuing its rise as a circumnavigation of the risk area in the Red Sea is positively impacting fleet utilisation.Read more
Langh Ship completes MPP trio, Sofia head to Europe
Finnish shipping company Langh Ship has bolstered its fleet with the arrival of the MPP Sofia, the third of three purpose-built 7,800 dwt multipurpose (MPP) vessels constructed in Ningbo, China. Following a celebratory naming ceremony,...Read more
Multipurpose Index bumped by issues in major canals
Drewry's OpinionThe Drewry Multipurpose Time Charter Index was significantly “helped” by the issues with both the Suez Canal and the Panama Canal. The Index hit a value of $9,048 per day in April, beating Drewry’s forecast. Read more