Latest news from Heavy Lift & Project Forwarding International Magazine

Time charter rates on the up

Time charter rates in the multipurpose shipping sector have increased slightly over the last month, according to the latest data from shipbroker Toepfer Transport.

The average daily time charter rate for a 12,500 dwt/F-type heavy lift vessel was USD7,515 in October 2019, said Toepfer. In September 2019, the rate stood at USD7,490.

This represents an increase of USD16 on the October 2018 figures, which averaged out at USD7,499.

In its latest multipurpose shipping report, Toepfer pointed to the various macroeconomic forecasts that indicate a slowdown in growth as well as an uncertain outlook for the multipurpose market.

The TMI is oscillating around USD7,500 and Toepfer anticipates that this will continue to be the case for some time.

Heavy Lift | News

Urgent action needed on keyworker designation thumbnail image

Urgent action needed on keyworker designation

May 29 - The heads of the maritime, labour and aviation organisations of the United Nations have issued a plea for urgent action on crew changes and for keyworker designation.
Views: 104
First turbine installed at Borssele III and IV thumbnail image

First turbine installed at Borssele III and IV

May 29 - Van Oord’s offshore installation vessel Aeolus has installed the first of 77 MHI Vestas wind turbines at the Borssele III and IV offshore wind project off the coast of the Netherlands.
Views: 118
Crowley names Goldenberg thumbnail image

Crowley names Goldenberg

May 28 - Crowley Logistics has promoted Bob Goldenberg to vice president, commercial operations.
Views: 297

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.