Germany’s Briese Schiffahrt is betting on a recovery in the multipurpose (MPP) sector and is poised to offer investors participation in a series of 10 ­newbuildings.

Managing director Wilke Briese thinks the f­­undamentals of the MPP, project cargo and heavylift sector have turned a corner and the prospects for modern tonnage have improved.

The Leer-based shipowner and manager told a ­Capital Link forum that his optimism stems from a dearth of secondhand tonnage.