Multipurpose sector needs newbuilds, no orders on the horizon
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
Multipurpose index continues to rise
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
Samskip and partners eye hydrogen retrofit for multipurpose vessel
Norwegian cleantech company TECO 2030, along with BLOM Maritime and Samskip, secured a grant for a pre-project to explore converting a Samskip multipurpose vessel, the Kvitnos, from liquefied natural gas (LNG) to hydrogen fuel cells.Read more
Peters & May send a high-speed catamaran to South Korea onboard AAL Kobe
Photo StoryA high-speed catamaran named Red Jet 4 is on its way to South Korea onboard the heavy-lift multipurpose vessel, AAL Kobe. The catamaran was loaded in Southampton by Peters & May, with the company marking...Read more
Multipurpose time charter index beats forecast
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
MACS and HSS set up joint agency operation in Bilbao
VINETA-owned maritime carriers MACS Maritime Carrier Shipping (MACS) and HUGO STINNES Schiffahrt (HSS) set up a joint agency operation in Spain, effective May 15th, 2024.Read more
MPP sector not spared from Panama Canal, Red Sea issues
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
MPP Index rate up with fleet utilisation
Toepfer Transport ReportToepfer Transport’s MPP Index is continuing its rise as a circumnavigation of the risk area in the Red Sea is positively impacting fleet utilisation.Read more
MPP Saimaagracht departs Port of Baltimore
The first vessel to depart the Port of Baltimore through a temporary 35-foot deep channel, since the Maersk chartered container vessel Dali lost power and struck the Francis Scott Key Bridge, was an MPP. According...Read more
Great Abidjan joins Grimaldi’s multipurpose RoRo fleet
Grimaldi Group has continued the expansion of its multipurpose RoRo fleet with the latest addition, the Great Abidjan. The vessel belongs to the innovative G5 class, and it has been delivered from the Hyundai Mipo...Read more
JSI Alliance moving project cargo for Project Panther
Vessels operating within the recently established JSI Alliance, comprising Jumbo Maritime, SAL Heavy Lift and Intermarine, have been busy supporting the ongoing Project Panther in Nigeria. Multipurpose vessels Hanna and Calypso recently performed a double-banking...Read more
Norwest Ship Management expands fleet with two MPP vessels
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
Outokumpu launches shortsea service with Langh Ship’s dual-fuel newbuild
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
A new heavy-lift shipping alliance sees the light of day
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
MPP index repeats January jump
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
Heavy-lift carrier AAL ups Red Sea surcharge
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
Intermarine boosts Houston chartering desk
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 launches new MPP semi-liner Western Australia service
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