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
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
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
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
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
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
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
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
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
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
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
Drewry: multipurpose vessel rates continue to edge down
Charter rates for the multipurpose vessels fleet has continued its downwards path in the month of May, after remaining flat in April due to Covid lockdowns in China. According to the shipping consultancy, Drewry, the...Read more
Drewry’s MPV index rise continues slowing
Capacity constrains in the multipurpose vessel (MPV) capacity have kept the spot market demand high but the forward projection for both container and bulk markets started to weaken. As a result, shipping consultancy Drewry noted...Read more
New MPV tonnage unlikely to reach 2019 levels – Drewry
The orderbook for new multipurpose vessels, which include breakbulk and project cargo ships are again lagging behind the dry bulk and containership. The MPV newbuild orders are not expected to reach pre-Covid levels this year...Read more
Drewry expects further rate rises during the summer
ShippingDrewry’s Multipurpose Time Charter Index increased to USD 8,339 per day in May, representing a rise of 4.3% compared to the 2.5% rise seen in the previous month. The index is up 28% since the...Read more
Charter rates for multipurpose vessels remain stable so far
Despite the coronavirus, a very low Baltic Dry Index and problems at Zeamarine, charter rates for multipurpose and heavy-lift vessels so far seem to remain stable, according to Toepfer’s Multipurpose Shipping Index. Toepfer’s Multipurpose Index measures...Read more