Recent talk of mergers and acquisitions in the multipurpose vessel segment has been cited as a potential cure to the sector’s overcapacity ills. But evidence to date suggests that the key beneficiaries are likely to be the acquiring companies themselves rather than the industry as a whole.
Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.
Car carrier shipping is expected to continue its recovery from the trough of 2016, supported by improving utilisation, according to the Drewry’s Finished Vehicle Shipping Annual Review and Forecast report.
Responding to the needs of Beneficial Cargo Owners (BCOs) ahead of the IMO 2020 global emission regulation, Drewry announces the addition of a new BAF formula and fuel cost benchmarking service to its range of ocean freight procurement support services.