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
One World Shipbrokers’ MSI ticks up for the first time in a year
The Market Sentiment Index, an indicator of activity in the MPP industry, readied by the Hamburg-based specialised shipbroking house, One World Shipbrokers, has ticked up for the first time since the first quarter of 2022. Read more
No effective MPP newbuild orders in Q1, Toepfer Transport says
The multipurpose time charter market declined with a much slower pace compared to the last six months of 2022, Toepfer Transport notes in its latest quarterly report. Reflected in its TMI assessments, and the index...Read more
Toepfer Transport: more obstacles in the MPP sector than anticipated
Multipurpose (MPP) sector is facing more challenges from the anticipated demand from the renewables sector than it was previously expected. The slip in optimism has also been reflected in the Toepfer Transport’s Multipurpose Index that...Read more
Drewry: container carriers back in for breakbulk cargoes pushing multipurpose rates down
Over the month of March 2023, Drewry Multipurpose Charter Index slipped as expected with container carriers returning as competitors for breakbulk cargoes, putting more pressure on the multipurpose vessel rates. Read more
Steel cut for six 7,000 DWT MPPs for HS Schiffahrts Group
The family-run medium-sized shipping company HS Schiffahrts has seen the first steel for its 7,000 dwt multipurpose vessels cut at the Cochin Shipyard (CSL), India.Read more
Toepfer Transport: MPP index down eighth month on the trot
Charter rates in the multipurpose (MPP) sector have continued the drop with the Toepfer Transport’s Multipurpose Index heading down for the eighth month in a row. Although, the shipbroker expects this to be the bottom...Read more
MPPs ferry cars between China and a new hub in Piraeus Port
Multipurpose vessels will be deployed on a new car shipment route and service launched by the Piraeus Port Authority and COSCO Shipping Specialized Carriers. The new route is targeting the EMEA area. Read more
Toepfer Transport: MPP rates heading further down
Charter rates in the multipurpose (MPP) sector are coming further under pressure as demand from the minor bulk commodities sector declines significantly. Read more