Low activity keeps the MPP index heading down
Toepfer Transport ReportThe trajectory of the Toepfer Transport’s Multipurpose (MPP) Index has remained unchanged, as the figures show a drop for the seventh month in a row. The only positive uptick since January 2023 happened in June...Read more
Intermarine expands fleet with four heavy-lifters
The multipurpose carrier Intermarine will make four additions to its fleet in the coming days. The company is set to welcome two F500 heavy-lifters, one F360 vessel and one F300, that will join its global...Read more
Multipurpose index sees little movement over year-end
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has continued its modest climb in the last month of 2023, although, it came short of the predicted level. The holiday period may have had a hand in little...Read more
Zeaborn acquired by Wilhelmsen and MPC Capital
Wilhelmsen Ship Management and MPC Capital have acquired Zeaborn Ship Management and its fleet of 100 vessels, including MPPs. The acquisition is the consistent next milestone in the partnership between Wilhelmsen and MPC Capital and...Read more
First Super B Class MPP hits the water in China
The project heavy-lift carrier, AAL Shipping, has hit a new milestone in the construction of its first Super B class multipurpose vessel, the AAL Limassol. The first vessel in the series of six has been...Read more
MPP vessels still take a detour as Panama Canal increases available slots
As the new shipping crisis unfolds in the Red Sea and the Suez Canal, a glimmer of hope for the ocean shipping sector comes in the form of an increased number of booking slots for...Read more
COLI Group expands its MPP market footprint
COLI Group has expanded its reach in the MPP sector through a strategic partnership between Asia Break Bulk (Singapore) and CSL Shipping (Shanghai). The teams at CSL Shipping & ABB will work closely together to market...Read more
MPP sector fared well in 2023, yet below expectations
Toepfer Transport ReportThe expectations for the last month of the year 2023 are in line with the MPP sector trajectory that was reflected in Toepfer Transport’s Index over the past few months. Again, for December, Toepfer Transport’s...Read more
MPP Vertom Joy christened in Vlissingen before starting deployment for Vertraco
Following the decision to bring the multipurpose (MPP) and general cargo vessel, Vertom Joy, into its fleet a couple of months ago, Vertraco Shipping has not held the official christening ceremony. The event held at...Read more
SAL Heavy Lift confirms order for the fifth Orca Class MPP
SAL Heavy Lift’s fleet expansion program is progressing at pace as the company signed a new construction deal with Wuhu Shipyard for the fifth Orca Class heavy-lift MPP. According to the company, the latest addition...Read more
Multipurpose index beats forecast
Drewry's OpinionThe Drewry multipurpose Time Charter Index has seen another uptick during the month of November, above the value Drewry forecasted previously. This is the second month in a row that the index value has exceeded...Read more
More MPP operators cancel Panama Canal transit
Following Panama Canal Authority’s Advisory to Shipping No. A-48-2023, several MPP carriers and operators have decided to cancel traversing the canal until May or June 2024. United Heavy Lift got the ball rolling with several...Read more
Turkish freight forwarder signs up for Esgian’s RoRo and MPP suits
Esgian Shipping has further expanded the list of clients making use of its RoRo and MPP suites with the addition of Universal Projects. Read more
DHL Global Forwarding sings up for Esgian services
DHL Global Forwarding, Industrial Projects division has joined Esgian Shipping, the Oslo-based provider of analysis and benchmarking services of global shipping segments. DHL is said to have signed up for both RoRo and MPP services...Read more
ECO Titan starts service
Briese Schiffahrt’s recent addition to fleet, ECO Titan has loaded its first batch of cargo and entered service. Briese Chartering noted that the first voyage will be with wind turbine blades on board. Read more
First wind turbine components reach Saudi’s mega project NEOM
The first shipment of wind turbine components has reached the NEOM mega project in northwest Saudi Arabia. Chipolbrok’s multipurpose heavy lift vessel Kraszewski made the delivery to the Port of NEOM on October 8 for...Read more
Could China’s multipurpose vessel orderbook dominance spell trouble?
Drewry's OpinionThe multipurpose vessel (MPV) orderbook to date is dominated by China, both in number of vessels and total dwt, Drewry’s analysts say. At the same time, China has exclusively been building all the high-capacity ships...Read more
Multipurpose index inching upwards with seasonal upticks across segments
Drewry's OpinionThe Drewry Multipurpose Time Charter Index could see an uptick in November as a potential rush in some segments is expected. For the month of October, the index was above the forecasted value. Read more