Svend Andersen, the chief executive of the world's largest project cargo carrier, believes the recovery in the multipurpose (MPP) markets looks set to last.

The boss of Leer-based BBC Chartering, which has around 170 vessels in operation, says there are noticeable changes that should see the market firm for another two years.

“We’re still not where we have to be but are on the right track,” he says.