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News on MPP.

More than 100 distressed MPP vessels redistributed by banks

Unprofitable multipurpose vessels, which German banks are left holding, are being moved around big-time among shipowners. "We're basically competing against zombies these days, which exist with continuing support from the banks," says one market player.

New MPP behemoth created in all-time low market

"We will be difficult to match," says BBC Chartering Chief Exec Svend Andersen of the partnership with Dutch Jumbo Shipping. A collaboration that was created under toxic market conditions where a consolidation seems to be developing slowly.

Are MPP owners headed out of a ten-year slump?

Drewry eyes signs of recovery in the project cargo market in the second half of the year and into 2018. Part of the reason stems from improvements in competing sectors in dry bulk and container.

Ocean7 Projects set to merge with Ikonship

Ocean7 Projects has replaced the lost vessels, which the project cargo operator had to let go following the bankruptcy of Abis Shipping, with other Dutch-owned vessels from carrier Global Seatrade.

Spliethoff orders six new MPP vessels

In the midst of one of the worst crises ever for the specialized carriers in the MPP sector, one of the major players in the field, Dutch Spliethoff, has contracted six large newbuildings from a Chinese shipbuilder.

Multipurpose operators to expand fleet in new joint venture

New Dutch multipurpose joint venture Shipping Company Groningen, which includes Thorco Project, has growth ambitions in spite of the challenges currently plaguing the segment. ShippingWatch has interviewed one of the architects behind the venture, CEO Jan van der Laan.

Analysehus ser to lyspunkter for heavy lift

Markedet for heavy lift-transport og multi-purpose har været underdrejet i adskillige år efterhånden, og 2017 ser også ud til at blive et svært år for branchen, der må søge mod nye områder for at fylde skibene. Douglas-Westwood peger i en analyse to på mulige lyspunkter.

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