Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

DS Multibulk scales back multipurpose interest

Germany-based DS Multibulk has sidelined plans to invest in the multipurpose shipping sector and has already begun limiting its exposure to the business.

DS Multibulk entered the multipurpose sector as a shipowner at the end of 2017 and by the end of 2018 it operated nine multipurpose ships. Today, the carrier said it operates just two chartered vessels and one owned vessel, the DS Wisconsin (12,744 dwt).

A spokesperson for Dr Peters Group, the parent company of DS Multibulk, said the multipurpose shipping market had developed differently to how it had forecast. It no longer deems multipurpose shipping as an attractive market to expand into.

With the redelivery of chartered ships, DS Multibulk has also been forced to rationalise its workforce in what it described as a “strategic rebalancing". The carrier said that it would continue to focus the tanker market.

www.ds-multibulk.de

Heavy Lift | News

Cargolux calls at Incheon thumbnail image

Cargolux calls at Incheon

July 17 - Cargolux Italia has launched a Boeing 747 service between Milan Malpensa Airport, Italy and Incheon, South Korea.
Views: 359
Express discharge at the port of Tyne thumbnail image

Express discharge at the port of Tyne

July 17 - Höegh Autoliners has transported five Hitachi TransPennine Express train carriages from Kobe, Japan to the port of Tyne in the UK. 
Views: 431

Heavy Lift Across The World

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