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
Hydrogen-fueled MPP gets ClassNK approval
Ship classification society, ClassNK has issued an Approval in Principle (AiP) for a parcel layout concept for a hydrogen-fueled multipurpose (MPP) vessel. The concept is designed by Mitsui O.S.K. Lines (MOL), MOL Drybulk, Onomichi Dockyard,...Read more
MPP sentiment index hits lowest point since inaugural edition
One World Shipbrokers' MSIThe Market Sentiment Index has hit its lowest point since the inaugural edition in March 2021. The indicator index of activity in the MPP industry has continued its slide since hitting a peak of 58.8...Read more
MPP index decline slowing, no significant change in the market
Toepfer Transport ReportDespite talks and expectations by shippers and carriers of an uptick in activity and demand in the MPP sector, figures keep painting a different story. Toepfer Transport Multipurpose Index keeps heading down with analysts still...Read more
Carisbrooke orders another multipurpose vessel at Thecla
Family-owned shipping company, Carisbrooke Shipping has placed an order at Thecla Bodewes Shipyards for a new Labrax 7,280 dwt diesel-electric multipurpose dry cargo vessel. The shipbuilding contract between the shipping company and the shipyard expands...Read more
Russian project cargo market forced into painful transformation
Due to the strict sanctions imposed on Russia and its growing isolation on the global stage, the market for project cargo transportation is currently undergoing a challenging transformation. Shippers are facing significant difficulties in managing...Read more
BBC Chartering fleet growing with two F500 deliveries lined up
The largest multipurpose vessel fleet in the world is about to get even bigger, with BBC Chartering, about to get two more F500-type multi-purpose heavy-lift vessels this year.Read more
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