Norwest Ship Management has expanded its fleet with two multipurpose (MPP) vessels following a purchase agreement with Smyril Line. The vessels, named MV Hvitanes and MV Eystnes, are scheduled for delivery in April 2024. Read more
Stainless steel major Outokumpu is bolstering its cooperation with Finnish shipping company Langh Ship to reduce carbon emissions from its shortsea liner operations.Read more
After three years of Jumbo SAL Alliance, the members Jumbo Maritime and SAL Heavy Lift have been joined by their American sister Intermarine. The addition of the multipurpose and liner operator means a new heavy-lift...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
The risk of continuing operations through the Red Sea and the Gulf of Aden region prompted the project heavy-lift carrier, AAL Shipping to increase its Emergency Red Sea Surcharge (ERSS). AAL decided to introduce a...Read more
The multipurpose carrier Intermarine has expanded its Chartering department in Houston with the addition of new personnel. The company appointed Lennard Beckmann to its chartering team. Read more
Swire Projects, a projects and heavy lift shipping services division of Swire Shipping, has launched a Western Australia Express (WAX) service, a monthly semi-liner shipping service connecting major ports in China, South Korea, Japan, Singapore,...Read more
There seems to be a consensus that 2023 was a good year for project cargo and the multipurpose vessel (MPP) sector. However, in its report, the Hamburg-based shipbroker Toepfer Transport, noted that the sector did...Read more
Toepfer Transport ReportThe trajectory of the Toepfer Transport’s Multipurpose (MPP) Index has remained unchanged, as the figures show a drop for the seventh month in a row. The only positive uptick since January 2023 happened in June...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
The Chinese-Polish joint stock shipping company, Chipolbrok, has added another 62,000 dwt name to its fleet. The company said it has held the naming ceremony for the multipurpose vessel Yu An at Taizhou Kouan Shipbuilding....Read more
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
The severe drought that has had a major impact on the water levels in the Panama Canal are restricting the movement of heavy-lift multipurpose vessels. Based on the current information, United Heavy Lift said its...Read more
Toepfer Transport ReportThe expectations of a surge in cargo space demand towards the end of the year seem to be subsiding, smudging the optimism felt in the MPP sector previously. However, while the current low activity pushed...Read more
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
Harren Group, the company that is at the core of heavy-lift shipping, maritime engineering, and project logistics, and has the likes of SAL Heavy Lift, Intermarine and Combi Lift under its own umbrella, has now...Read more
MacGregor, part of Cargotec, has booked an order in excess of €25 million ($26.7 million) for general cargo cranes for ten 84,500 dwt multipurpose vessels built in Asia. MacGregor will deliver a total of 40...Read more
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
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
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