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Competition gives the Multipurpose sector something to think about.

As the multipurpose fleet faces competition from other dry bulk sectors and that of the container industry, purchasing a specialist report like Drewry's Multipurpose Shipping Market Review and Forecast 2012 is the only way to fully understand changing market dynamics.

This report is a "must have" not only for its insightful analysis but also because it leads the market in providing forecasts, which other reports too frequently omit.

As the report contains a core of important data supported by expert commentary and knowledge this report is equally important for those operating in the industry as for those looking in from the outside.

For more information read through the description and contents sections or contact us directly with any questions you may have.

Make sure you have the most up to date, leading source of analytics available today which you can use to underpin your decision making.

1.  Executive summary
     •   The market for the multipurpose vessel
     •   Competitive threat
     •   MPV fleet
     •   MPV costs
     •   Market prospects

2.  Trade
     •   Quantifying the general cargo market
     •   Breakbulk cargo
     •   Steel
     •   Forest products
     •   Construction materials
     •   Fertilisers
     •   Project cargo
     •   Port volumes
     •   Competitive threat to MPV demand
     •   Forecast demand and market share

3.  Fleet
     •   Defining the fleet
     •   The multipurpose fleet
     •   The multipurpose fleet by dwt sector
     •   Project carriers and heavy-lift vessels
     •   MPV demolition
     •   MPV orderbook
     •   MPV operators
     •   MPV fleet development

4.  Market
     •   Economy
     •   The market
     •   Period and trip charters
     •   Time charter rates
     •   Competitive market trends
     •   Supply-demand balance
     •   Charter rate projections

5.  Economics and costs
     •   MPV operating costs
     •   Manning costs
     •   Insurance
     •   Repair and Maintenance
     •   Stores and lubes
     •   Management & Administration
     •   Other cost considerations
     •   Voyage costs
     •   Bunker costs
     •   Other voyage costs
     •   MPV ship acquisition costs
     •   MPV newbuilding costs
     •   MPV secondhand prices
     •   Scrap value

Appendix
     •   Project list

Tables
     •   Development of MPV market share
     •   Dry cargo market segments
     •   Major construction material exporters
     •   Major construction material importers
     •   World fertiliser supply / demand balances
     •   Global capex nominal
     •   Selected breakbulk port volumes
     •   Project carrier lifting capacity definitions
     •   MPV fleet by main vessel type, as of 1 January 2012
     •   MPV fleet by size range as of 1 January 2012
     •   Project carriers by fleet sector
     •   MPV demolitions 2007 to 2011
     •   Average age of demolition by sector
     •   MPV including heavy lift orderbook schedule as of 1 January 2012
     •   MPV orderbook schedule by vessel type, as of 1 January 2012
     •   Major MPV operators as of 1 January 2012
     •   Major charterers of MPV tonnage, 2011
     •   Major reported trips by route, 2011
     •   Estimated development of timecharter rates for container-orientated MPVs
     •   Forecast supply/demand balance for MPVs to 2016
     •   MPV daily operating costs, 2011
     •   Specifications for operating cost table
     •   Indicative MPV operating costs
     •   Development of MPV newbuilding prices, 2000 to 2011
     •   Development of MPV demolition prices

Figures
     •   Estimated development of general cargo market
     •   Major MPV seaborne trade routes
     •   Development of MPV market share
     •   MPV fleet and orderbook as of 1 January 2012
     •   Project carriers within MPV fleet
     •   World economic growth
     •   Development of selected MPV period charter rates
     •   Development of dry cargo demand
     •   Multipurpose fleet primary cargo market segments and competitive vessel types
     •   Multipurpose share of dry cargo market
     •   Crude steel production
     •   Major steel product exporters
     •   British Colombia's top 10 wood product export destinations, 2004-2010
     •   Canada's top 10 wood product export destinations, 2004-2010
     •   Major importers of Chinese construction materials
     •   Potential growth in project cargo volumes
     •   Future growth in multipurpose share of dry cargo market
     •   MPV fleet age profile as of 1 January 2012
     •   MPV fleet age profile by vessel type as of 1 January 2012 stopped here
     •   MPV demolition by segment
     •   MPV and general cargo orderbook schedule by vessel type as of 1 January 2012
     •   Suggested MPV fleet development to 2016
     •   Suggested fleet development by vessel type
     •   Drewry all earnings index
     •   Estimated development of timecharter rates of container-orientated MPVs to 2011
     •   Weighted East/West container rates
     •   Estimated bulk carrier time charter rates
     •   Effective fleet versus effective demand
     •   Growth in effective fleet versus growth in effective demand
     •   Forecast development of timecharter rates
     •   Daily operating costs 2011, general cargo vessels
     •   Evolution of manning costs
     •   Evolution of insurance costs
     •   Evolution of R&M costs
     •   General cargo vessel operating cost changes
     •   Representative average bunker prices
     •   Indicative bulk carrier and containership newbuilding prices
     •   Reported MPV newbuilding activity
     •   Reported MPV secondhand activity
     •   Trend in MPV secondhand prices
     •   Trend in MPV demolition prices

Below is some brief information covering the main sections of the report, giving an indication into the type and amount of analysis in the report.


Trade

·         Competition from Handysize bulkers to ease off after 2013

·         MPV volumes now surpassing pre-crash levels

·         Drewry forecasts MPV demand and market share

Knowledge of the trading environment for the multipurpose sector is critical for understanding what is really happening. Central to this is the competitive threat it faces due to its unique position of straddling both the container and dry bulk markets.

Drewry's first chapter focuses on this and analyses how the multipurpose market share has evolved and continues to do so. Further to this, prospects for the commodities most often carried by MPV tonnage are discussed, including steel, forest products, construction materials, fertilisers, project cargo, power, oil ,gas and chemical, civil and mining.

 

Fleet

·         Fleet growth of 3% in 2011

·         New investment is mainly in project carriers and heavy-lift vessels

·         Operators looking to add value to differentiate from pure bulk or container competition

Do you need to understand the MPV fleet in greater detail? Then within this dedicated fleet chapter of Drewry's report you will find a depth of information that presents a complete picture of how the fleet stands, whilst also detailing the orderbook up to 2015 and current demolition levels.  

Segmenting the fleet into 6 size groups ranging for below 5,000 dwt to over 25,000 dwt, data is provided on such metrics as No. of vessels, average age, TEU capacity, grain capacity as well as analysts commentary on  how each of the size groups have developed.

The final part of this chapter looks at profiles of the major operators and what we can expect from them in the future, including a breakdown of their fleets. 

Market

·         Operators need to add value to differentiate themselves

·         Demand growth

·         Time charter rate forecasts

Where is the market now and what does the future hold? These are two important questions that are addressed in the "Market" chapter of the MPV report.

Profiling the Breakbulk, Dry Bulk, Project Cargo / Heavy lift and Container markets the report establishes a clear view of what is happening across all of the sectors that impact on MPV shipping.  Time charter, period and trip charter rates are provided from 2001 depicting the trends both pre and post-recession.

Forecasts for the MPV sector are also provided up to 2016 for the supply/demand balance and time charter rates, making it one of the only report available that provides such important insights into the market.

Economics and Cost

·         Manning costs will rise as a growing fleet leads to tightening supply

·         Newbuilding prices decline with weak future prospects

·         Insurers forced to increase premiums

For the report to be complete you have to look at the costs associated with the industry you operate in and the potential change in costs for the future. Drewry not only provides a detailed view of costs but also forecasts how these will develop. Operating, manning, insurance, R&M, stores & lubes and management costs are just a selection of those covered.

To complete the cost appraisal, acquisition and newbuild prices are detailed along with  secondhand and scrap values. 

We are always happy to answer any questions you may have about this reort, so contact us for help.