Signs of a revival in the multipurpose (MPP) market are leading private equity companies to look again at investing in the sector.
Half a dozen firms are considering investing in the long-suffering MPP and heavylift sector, in what is taken as an indication that the market has bottomed out, according to a report by Toepfer Transport.
It notes that a fledgling recovery has resulted in time charter rates rising by nearly 10% from their all-time lows of eight months ago.
