News & Analysis
15 Apr 2021
Drewry’s multipurpose index bounced 15 percent and the inaugural Market Sentiment Index has revealed a wary optimism as the MPV sector benefits from container chaos.
05 Apr 2021
The MPV/HL market is on the upswing, but a lack of finance and lingering overcapacity will hold back investment in new ships.
01 Apr 2021
Toepfer's multipurpose rate index tracks recovery as container-side chaos continues to benefit the breakbulk market
04 Mar 2021
A new super-heavy-lift joint venture, if approved, will benefit from an offshore wind market poised to expand through 2050.
02 Mar 2021
Container market woes and a booming bulk market are cutting competition and boosting freight rates for the multipurpose/heavy-lift sector.
26 Feb 2021
Grimaldi and United European Car Carriers are pursuing lower emissions vessels, and Wallenius Wilhelmsen is taking three more ships out cold layup to serve a rebounding vehicle cargo market
17 Feb 2021
The IMO's low-carbon standards and shippers eager to reduce their carbon footprints are pushing vessel operators toward lower-emission designs such as WW’s wind-powered ship.
11 Feb 2021
Drewry's charter rate index is up 2.2 percent for February as COVID-19 lockdowns drive consumers to favor premium container cargoes.
05 Feb 2021
Regulators have now fined ocean carriers Wallenius Wilhelmsen Ocean (WWO), NYK RORO, and “K” Line a total of $63 million for price fixing on vehicle shipping services on routes to Australia.
03 Feb 2021
Toepfer Transport's MPV/HL rate forecast climbs to $7,146 as optimism grows in the breakbulk market amid a new US presidential administration seen as favorable to renewables.
02 Feb 2021
A microprocessor chip shortage and new COVID-19 spread could slow recovery by hampering vehicle production.
21 Jan 2021
In a further sign of a tumultuous market, UHL's newest "Eco-Lifter" will deliver containers to Europe on its maiden voyage.
15 Jan 2021
High box rates and congestion woes are driving container-side shippers to the breakbulk sector for relief.
14 Jan 2021
With the addition of dedicated installation capacity, SAL will target European offshore development, maintenance, and decommissioning.
11 Jan 2021
Rising short-term charter rates and recovering cargo volumes are leading ro-ro carriers to reactivate ships in cold lay-up since early 2020.
30 Dec 2020
Former SAL executive Justin Archard has departed the super-heavy-lift carrier and will be a founding partner with Hamburg-based One World Shipbrokers.
21 Dec 2020
US-based project forwarders say they’re struggling to secure capacity as rebound demand and multipurpose and heavy-lift capacity is tapped by container lines in reaction to even stronger container demand.
03 Dec 2020
Indices forecast rising rates for MPPs through the end of the year as breakbulk demand improves and container shippers searching for alternatives underpin a strengthening market.
02 Dec 2020
Escalating box rates and tight capacity in the container carrier market are pushing service providers to bring in ships from the multi-purpose sector.
10 Nov 2020
Multi-purpose carrier G2 Ocean's African and Indian semi-liner breakbulk services, established just as COVID-19 exploded, are flourishing despite lockdowns.
05 Nov 2020
The contract market is improving for F-type 12,500-dwt multipurpose ships, while spot rates remain volatile, according to Toepfer Transport.
27 Oct 2020
UHL, one of very few carriers currently adding newbuildings to the multipurpose fleet, is scheduled to receive eight new F900 ships through December 2021, with the first ship scheduled for delivery in December.
13 Oct 2020
China Navigation Company creates Swire Projects to take advantage of an improving outlook for the project market and brings aboard three ex-Zeamarine executives.
13 Oct 2020
The former head of SAL Heavy Lift’s marine projects will lead the chartering team at global forwarder DSV, which is handling global logistics for wind turbine manufacturer Vestas.
09 Oct 2020
Svend Andersen comes out of retirement to take a stake in the US-based carrier Intermarine and explore new trade possibilities in the Americas.
08 Oct 2020
Less stringent lockdowns, for now, during COVID-19’s second wave mean stronger global trade, as renewables continue to be a bright spot for the multipurpose/heavy-lift (MPV/HL) sector.
07 Oct 2020
As Toepfer’s Multipurpose Index shows signs of modest recovery, SAL’s purchase of Intermarine has the potential to leverage shipping synergies.
05 Oct 2020
SAL and ex-BBC Chartering CEO Svend Andersen take ownership stakes in Intermarine as Andersen returns to the MPV/HL market.
24 Sep 2020
Although the specific port rotation of the semi-liner service will depend on the cargo mix, Japan will now be a regular call for MPV/HL carrier Chipolbrok thanks to a new business relationship with third-party logistics provider and agent Crane Worldwide.
14 Sep 2020
In a three-tiered market, F-types hold their own, high-end MPV/HL ships reap the rewards of DP systems and super-heavy cranes, while lower-geared, less specialized ships suffer.
24 Aug 2020
Despite a COVID-19-driven construction slowdown and a complex permitting regime, the second wave of breakbulk cargo will soon begin delivery to the $40 billion LNG Canada project.
12 Aug 2020
While the oil and gas sector has pulled back dramatically from early 2020 capital spending plans, the low bunker fuel prices that have also come with global oil demand destruction have helped to control costs.
05 Aug 2020
Bulk carrier Scorpio and specialized oil and gas heavy load carrier OHT shift toward the offshore wind industry as the sector is poised to expand by 270 percent.
31 Jul 2020
The heavy equipment manufacturer saw second-quarter sales tumble 42 percent in North America as the economic effects of the COVID-19 crisis crushed end-user demand.
17 Jul 2020
The low-speed collision in the Welland Canal, which links Lake Ontario to Lake Erie, damaged both vessels, but did not cause any injuries or pollution.
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