Just six months after United Heavy Lift launched the UHL Fresh, the Hamburg-based heavy-lift shipping company has now named the last vessel in the series of its F900 Eco-Lifters, the UHL Fable. The vessel was...Read more
Drewry's OpinionDemand for tonnage in the multipurpose vessel (MPV) space is expected to grow, but the newbuild order activity is still not following the expected trajectory. According to the shipping consultancy Drewry, the growing demand outlook...Read more
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has once again gone above the mark forecasted by the shipping consultancy, and the upward trend is expected to continue in July. Read more
German shipowner Carsten Rehder has placed an order with Garden Reach Shipbuilders & Engineers (GRSE) for the construction of up to eight multipurpose vessels. Read more
The ongoing issues in the Red Sea have created a complex situation for project cargo transport and all the parties involved, shippers, carriers, and freight forwarders. The situation comes with both opportunities and challenges arising...Read more
Drewry's OpinionThe Drewry Multipurpose Time Charter Index has beaten the consultancy’s prediction from last month helped by the jump experienced by larger multipurpose vessels. Read more
DNV ReviewThe heavy-lift shipping segment is experiencing a revival, propelled by the burgeoning wind energy industry and its need for specialized vessels to transport oversized cargo. This positive trend comes despite a recent downturn in freight...Read more
MPP liner services provider Intermarine has expanded its fleet of multipurpose vessels with the addition of two workhorses, MV Industrial Ursula and MV Industrial Katharina. The final takeover of the two F300 second-hand MPPs is...Read more
VesselsThe construction of heavy-lift multipurpose vessels ordered by SAL Heavy Lift at the Wuhu Shipyard in China. The company has recently confirmed the order for the fifth Orca Class heavy-lift MPP, to be named Vera...Read more
ONE WORLD SHIPBROKERS' MSIThe latest edition of the multipurpose Market Sentiment Index, issued by One World Shipbrokers, is experiencing its January renaissance, rising above the October 2023 mark. The MSI for the MPP sector has gone up a...Read more
Toepfer Transport ReportDespite reported volatility in the multipurpose vessel sector, the Toepfer Transport MPP Index has stopped the fall for the first time since June 2023. While the uptick may not be much to write home about,...Read more
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
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
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
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
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
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
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
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
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
