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Multipurpose crisis leads to large-scale MPP vessel sale

Danish Ocean7Projects has lost five MPP and heavy lift vessels after a major bank demanded that the owner, Dutch Abis Shipping, sell them. The Port of Rotterdam is full with laid up vessels.

Photo: Rotterdam Havn

Multipurpose operator Ocean7Projects, which is headquarted in the Danish city of Kolding, stands to lose five MPP and heavy lift vessels which the company, until recently, managed and chartered out for owner Abis Shipping.

The Dutch carrier's lenders have demanded that Abis Shipping's fleet of five project vessels be sold at auction.

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