HS Shipping Group Orders Multipurpose Heavylift Vessels in China

the total to 10 vessels. The estimated price for the full series could reach the mid three-digit million dollar range, with each vessel valued around $30 million. Mare Trust will contribute up to €100 million ($117.5 million) in equity to the project. This marks a significant expansion for HS Schiffahrt, which currently operates five MPP units and manages around 30 ships in other segments. The move follows a trend among European owners, with Carsten Rehder Schiffsmakler und Reederei and UK interests also recently contracting new MPP tonnage in India and China, respectively.