Drewry: multipurpose index remains flat in January
The Drewry Multipurpose Time Charter Index remained relatively flat in January, with the sector settling into a slower decline. Analysts at the research and consulting…
Drewry: multipurpose sector to beat competitors
While multipurpose vessel rates are expected to soften through 2023, the rate of decline is expected to be less than in competing sectors such as…
PCJ Live: The industry urgently needs more MPP vessels
The global fleet of multi-purpose (MPP) vessels is shrinking, as demand for offshore work is increasing rapidly. Serious bottlenecks are to be expected in Europe…
Drewry: multipurpose index continues downward trend into the holidays season
Charter rates in the multipurpose sector are continuing to decline as reflected by the latest figures in the Drewry Multipurpose Time Charter Index. The Index…
Drewry: multipurpose index drop slows in October
Spot market steadied over October which reflected in the Drewry Multipurpose Time Charter Index that slipped again, although slower compared to the previous month. The…
Drewry: multipurpose vessel rates slide in September with more to come
Spot rates in the container and bulk sectors have slipped sharply over the month of September, even more than predicted by the maritime consultancy Drewry.…
Drewry: multipurpose vessels charter rates slip faster than expected in August
Over the month of August, Drewry Multipurpose Time Charter Index continued the decline over August, albeit at a faster rate than expected. The index averaged $10,650…
Drewry: multipurpose vessel charter rates continue downward trend
The downward trajectory of the Drewry Multipurpose Time Charter Index continued in July, and the weakening trend is not expected to stop any time soon.
Drewry: multipurpose vessel charter rates to continue gradual drop
Charter rates for the multipurpose vessels fleet have continued to edge down with the shipping consultancy Drewry expecting the slow, gradual drop to continue in…
Drewry: multipurpose vessel rates continue to edge down
Charter rates for the multipurpose vessels fleet has continued its downwards path in the month of May, after remaining flat in April due to Covid…
Drewry: new lockdowns in China halt multipurpose vessels rates drop
Charter rater for the multipurpose vessels remained flat during the month of April, as new Covid lockdowns in China stopped the downwards trajectory. However, shipping…
Drewry: multipurpose vessel rates heading back down
Daily rates rise for the multipurpose vessels have started petering out, with the shipping consultancy Drewry expecting the downward trend to continue further into April.
Drewry expects slow MPV rates increase to continue
Short-term implications of Russia’s attack on Ukraine for the multipurpose vessels (MPVs) sector are unclear. Shipping consultancy Drewry, however, expects the war may slow down…
Drewry: MPV rates beat expectations in January
Rates for multipurpose vessels (MPVs) during January landed higher than expected by the shipping consultancy Drewry. Subsequently, the consultancy has also revised its expectations for…
Drewry expects MPVs charter market to remain strong in 2022
The charter market for multipurpose vessels (MPVs), including both breakbulk and project cargo carriers, is expected to remain strong through 2022, supported by the continued…
Drewry: MPVs to pick up container sector overspill well into 2022
Multipurpose vessels (MPVs) could continue to be used to alleviate the supply shortages in the container sector well into 2022, according to the shipping consultancy…
Spot rates drop weakens Drewry’s MPV index growth
Both container and bulk sectors experience weaker growth over the month of November with both sectors reporting spot rates dropping from record highs. This was…
Drewry’s MPV index rise continues slowing
Capacity constrains in the multipurpose vessel (MPV) capacity have kept the spot market demand high but the forward projection for both container and bulk markets…
New MPV tonnage unlikely to reach 2019 levels – Drewry
The orderbook for new multipurpose vessels, which include breakbulk and project cargo ships are again lagging behind the dry bulk and containership. The MPV newbuild…
Drewry lifts MPV Index as rates slowdown is short-lived
The Drewry Multipurpose Time Charter Index (MPV Index) jumped almost 7 percent in August, beating the shipping consultancy’s forecast of a slower rise. To remind,…