Drewry's OpinionThe multipurpose (MPP) shipping sector has not been spared from the disruptions in traffic flows in the Panama and Suez Canals. According to shipping consultancy Drewry, weather-related restrictions on the Panama Canal and the recent...Read more
United Marguisa Lines (UML), belonging to Marguisa Shipping Lines, a shipping company of the Spanish Sea & Ports group, has established a new Atlantic basin-focused multipurpose service. Read more
In the last 6 months, three Wilson ships were repaired at the Tallinn Shipyard (TSY) in Northern Estonia, one of the three BLRT Group owned repair yards in the Baltic Sea.Read more
ShippingPRESS RELEASE – The AAL Kembla recently set sail from Rotterdam to Shanghai loaded with 15,000 tonnes of breakbulk and steel commodity cargoes, including private yachts, a mobile harbour crane, 16 power transformers, a dredger...Read more
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
ShippingThe charter rates continue their upward trend and have now broken through the 10,000 dollar barrier. While the rates are up 61% year-on-year, shipping broker Toepfer Transport says the current levels do not represent record...Read more
ShippingThe charter rates for multipurpose vessels keep skyrocketing and have gained further momentum. Day rates jumped by more than 10% month-on-month and now almost exceed the USD 9,000 barrier. Read more
The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half of the year as capacity constraints and supply chain disruptions in competing sectors ease. Global shipping consultancy Drewry states...Read more
ShippingDrewry expects the growth of the multipurpose and heavy-lift sector to slow in the second quarter and third quarter. Conditions will remain favourable, but growth is not expected to be as strong as it was...Read more
Charter ratesDemand for multipurpose vessels is booming. The charter rates have shot up by 7.6% month on month to USD 8,902 on average, shows Toepfer’s Multipurpose Shipping Index. That is nearly 18% more than this time last...Read more
ShippingPRESS RELEASE – Dutch Norwegian shortsea shipping company Longship Group has ordered two modern Bijlsma Trader 6000 multipurpose vessels at Bijlsma Shipyard in the Netherlands. The first of the new ships is due to be...Read more
ShippingAAL Shipping is taking delivery of two additional G-class multipurpose vessels, expanding its core fleet to 720,200 total deadweight (dwt). The Pacific Action and AAL Gladstone have both served in the AAL fleet before and...Read more
Dutch shipping company Symphony Shipping has ordered two new Ecobox Xl project carriers with Ferus Smit Shipyards. The vessels are designed with a focus on loading extra-long items like windmill blades and are scheduled for...Read more
Charter ratesDrewry’s Multipurpose Time Charter Index confirms that MPV-operators are experiencing an upward trend in charter rates to beyond pre-pandemic levels. The conditions are expected to at least last as long as the disruptions in the...Read more
Almost exactly one year after the Covid-19 pandemic hit Europe, the charter rates for multipurpose and heavy-lift vessels are back at their pre-pandemic level and even passed it. The average day rate for a geared...Read more
ShippingPRESS RELEASE – Swire Shipping has opened a new office in Lae on 19 February 2021, strengthening its position in Papua New Guinea (PNG) and the region. Located at Milford Haven Road, the office will...Read more
ShippingCapitalising on the frequency of sailings between Asia and the Americas in the past 12 months, AAL Shipping has decided to establish a monthly tramp service to strengthen the trade lane going forward into 2021....Read more
ShippingPRESS RELEASE – The second EasyMax vessel was delivered to Wagenborg and taken into service under her official name, Máxima, named after the Dutch queen. The ship left for her maiden voyage to Antwerp from...Read more
ShippingOne year after the launch of its Europe/Middle East – India/Asia monthly liner service, AAL Shipping has decided to commit six of its “mega-size” heavy-lift vessels to the service for the long term. The decision...Read more
ShippingUnited Heavy Lift has taken delivery of the first of eight newly built F900 heavy-lift vessels, the MV UHL Faith. With the investment, the German project carrier wants to contribute to eco-friendly shipping and further...Read more
