»MPP market propped up by renewables«

摘要

Tonnage demand in the multipurpose/ heavy lift sector has rebounded. However, the recovery remains patchy, says Arne Kiihn, Managing Director of the Hamburg office of BRS and one of its leading mpp shipbrokers. Has the MPP time charter market bottomed out after its steep fall? How do you assess the current situation? Arne Kiihn: Shipping activity in the mpp segment has returned to some extent. Hire rates have stabilized well above OPEX and all tramp vessels are trading again with only a small number of spot positions. Charterers are busy trying to develop and execute cargo business which wasn't possible for some time. However, they remain cautious as illustrated by increased period flexibility. They take ships for 3-7 or 4-8 months to make sure they can rid themselves of tonnage should trades get disrupted again.