Hansa Heavy Lift

MPV and heavylift sector facing mid-term headwinds as global trade slows

The multipurpose vessel (MPV) and heavylift shipping sector is set for 3.8% growth this year, declining to 1.4% in 2020, as the global economy slows and competition for cargo grows, according to Drewry. 
The maritime consultant said the sector would see “strengthening rates through 2019 fuelled by rising project cargo traffic, but prospects thereafter are muted by an anticipated slowdown in world trade”. 
Acknowledging that the trade dispute between the US and China appeared to be “moving...

https://theloadstar.com/mpv-and-heavylift-sector-facing-mid-term-headwinds-as-global-trade-slows/

In a tight market, heavylift operators must be ‘more competitive and work together’

Demand in the multipurpose and heavylift shipping sector grew just 2.8% last year and “competition continues to erode the share of non-containerised general cargo”, according to analyst Drewry.
In a presentation today on recent trends and the outlook for the multipurpose shipping market, Drewry’s senior analyst, Susan Oatway, reported “very little activity” in the supply side, with 3,192 vessels in the sector with a combined total deadweight of 29.5m tonnes and an …

The post In a tight market,...

https://theloadstar.co.uk/in-a-tight-market-heavylift-operators-must-be-more-competitive-and-work-together/

Key investor confirms Hansa Heavy Lift files for insolvency

Reports are emerging that Hansa Heavy Lift has filed for insolvency. Efforts by The Loadstar to contact the beleaguered carrier for confirmation of the news proved futile, although one phone call elicited the response that things at the office were “exciting”. Heavy Lift PFI claims the rumours are true, citing a statement from Hansa’s key investor, Oaktree Capital Management. According to the report, structural challenges hobbled any and all attempts …

The post Key investor confirms Hansa Heavy...

https://theloadstar.co.uk/key-investor-confirms-hansa-heavy-lift-files-insolvency/