Multipurpose Vessel Market Sees Surge in New Orders

65,000 DWT, covering small to large multipurpose and heavy-lift vessels. Key industry players involved include G2 Ocean, Jumbo, BigLift, COSCO Shipping Specialized Carriers, and others. Chinese shipyards such as Yangzhou New Dayang, Dajin Heavy Industry, and Nantong Xiangyu are central to this wave of orders. The surge is driven by an ageing global fleet, limited replacement orders in recent years, and rising demand for project cargo and energy equipment transport. New vessels feature advanced designs with heavier lifts, stronger decks, and future-fuel readiness, signaling a structural renewal cycle in the multipurpose vessel sector.