Skarv orders up to eight shortsea MPP vessels
Skarv Shipping Solutions, a joint venture by Peak Group and Grieg Edge, has placed an order for up to eight 7,000 dwt, low-carbon multipurpose (MPP) vessels. The shipbuilding contract was signed with Huanghai Shipbuilding for...Read more
MPP spot market falls short of expectations
Toepfer Transport ReportWhile shippers and carriers keep talking of upcoming demand the activity levels remain subdued, leaving even the experienced analysts at a loss for words, shrugging their shoulders. Both shippers and carriers keep reporting upcoming demand,...Read more
Alaskaborg pumped oil into the Atlantic for over 12 hours off the coast of Canada
The Dutch-flagged general cargo vessel Alaskaborg, owned by Wagenborg, pumped oil into the Atlantic Ocean for over 12 hours, the recent ruling by the Dutch Maritime Disciplinary Court confirmed. The court further found the captain...Read more
Young breakbulk shipper wants bigger piece of the cake, finds key partner
Young companies have their place in the market, especially if they can provide direct, efficient and quality service. However, having the right partners can also have a significant impact on the business. ‘The right connection’...Read more
Multipurpose vessel rates decline eases, project market support continues
Drewry's OpinionThe Drewry Multipurpose Time Charter Index for the month of August has beaten the previous forecast by the consultancy. While the decline is expected to continue, it will not be a significant drop in September. Read more
Activity returns, and so does the optimism for owners in the shortsea sector
Toepfer Transport ReportIn a somewhat similar fashion to the MPP sector, the shortsea shipowners are looking forward to a better negotiating position going forward. Toepfer Transport’s Shortsea Index (TSI) did see another drop in July, however, early...Read more
The story continues, MPP rates still heading down
Toepfer Transport ReportDespite the summer nearing its last days, pressure on the time charter rates in the multipurpose sector (MPP) continues. A clear reflection of the ongoing summer trend can be seen in Toepfer Transport’s Multipurpose Index...Read more
Spliethoff DP2 MPP pair is now complete
Following the delivery of MV Brouwersgracht, the first of two Spliethoff DP2 B-type vessels, in February, the company has now completed the pair with the delivery of MV Bloemgracht.Read more
MPP summer lull continues, TMI still above 5-year average
Toepfer Transport ReportTime charter rates in the multipurpose (MPP) vessel sector, reflected in the Toepfer’s Multipurpose Index (TMI), are experiencing the full effect of the summer vacations. The Hamburg-based shipbroker noted the outlook remains optimistic.Read more
Subdued summer in the MPP sector
One World Shipbrokers' MSIFollowing the first uptick since the first quarter in 2022, the Market Sentiment Index, an indicator of activity in the MPP industry, has slipped again. Read more
Scrapping candidates appear here and there in the multipurpose sector
Drewry's OpinionWith the time charter rates for the multipurpose vessels (MPV) falling since the previous year’s high levels, operators are now looking to send older vessels in their fleet for demolition. During the peak charter rates,...Read more
Project market keeps supporting multipurpose vessel charter rates
Project market continues to prop up multipurpose charter rates, although Drewry’s Multipurpose Time Charter Index continued its slight decline in June. The consultancy said in its report that the decline was in line with its...Read more
A half year of stagnation for MPP charter market
Toepfer Transport ReportThe multipurpose vessel (MPP) charter market in the first half of 2023 could be summarised by a single word, stagnation, according to the latest quarterly report by Toepfer Transport. Research specialists at the Hamburg-based shipbroker...Read more
Toepfer Transport: TMI stable despite poor spot MPP market
Time charter rates in the multipurpose (MPP) vessel sector, reflected in the Toepfer’s Multipurpose Index (TMI), remain stable despite a poor spot market. The Hamburg-based shipbroker adds that looking 6-12 months forward, the assessment includes...Read more
Another Ecobox XL MPP launched by Ferus Smit
Following the acquisition of Symphony Shipping earlier this year, ForestWave Navigation has also secured the services of eight Ecobox vessels. The acquired fleet consists of eight modern open top, one box hold, geared MPPs. This...Read more
This vessel has got its tailor-made pipe handling gantry crane
Brouwersgracht, Spliethoff’s recently christened multipurpose DP2 B-type vessel, has already departed for its first deployment. According to the AIS data, the vessel is currently moored at the port of Mukran. However, prior to its deployment,...Read more
Drewry: headwinds for Russian multipurpose sector may bring positives elsewhere
War in Ukraine has certainly had an effect beyond the borders of the country and the multipurpose vessel industry was not exempt. Russia’s attack on Ukraine brought some uncertainties in the global multipurpose vessel (MPV)...Read more
Toepfer Transport: MPP charter rates continue moving sideways
Charter rates in the multipurpose vessel sector have continued the expected sideways movement according to the latest assessment by the shipbroker Toepfer Transport. Read more