Specialised Shipping

Latest opinion: 03 Mar 2026

Breakbulk shipping in the Gulf faces growing uncertainty amid US–Iran conflict

The US strikes on Iran followed by Iran’s announcement about the closure of the Strait of Hormuz to shipping, created uncertainty among multipurpose vessel operators and breakbulk shippers in the Middle East.

24 Feb 2026: Shipbuilding and ship repair yards: Emerging avenues for investment

The rapid growth of newbuilding yards across various countries reflects efforts to support national security, economic growth and strategic autonomy, while the development of ship repair yards globally will mainly serve the increasing retrofit activities.

03 Feb 2026: IMO DCS 2024: A reality check for shipping

The IMO Secretariat has submitted a summarised report on the data collected in 2024 through the IMO Data Collection System (DCS). This data will be reviewed by the MEPC during its next session in April 2026.

17 Dec 2025: MPV shipping set for modest growth amid global trade challenges

The outlook for MPV shipping for 2026 is cautiously optimistic, supported by steady project cargo demand despite geopolitical and economic uncertainties. Project Carrier rates are expected to rise gradually after a flat 2H25, while General Cargo rates will likely remain under pressure due to intense competition from containers.

Specialised shipping

The specialised shipping sector covers a variety of different niche segments that remain critical to the conduct of world trade.

These include:

• Multipurpose shipping, incorporating both Breakbulk and Heavylift (or project) shipping
• Reefer shipping, involving the movement of refrigerated cargo
• Car Carrier shipping, involving the movement of autos (including PCTC)
• Ferry & Cruise shipping, involving the movement of passenger traffic
• Offshore, involving the support of the offshore oil and gas industry or special project work

Each of these sectors is characterised by very different dynamics and characteristics, requiring highly specialised understanding of these niche trades.

As a trusted, independent voice in the market, our team of specialists are regularly asked to present their research findings into market trends and future predictions for multipurpose and reefer sectors at leading industry conferences around the world.

In addition to detailed market analysis and rigorous forecasting we offer market leading analysis of the trade affecting the principle vessel categories as well as appraisal of shipping finances, including pricing, operating costs and investment returns. We challenge conventional wisdom through our deep understanding of the trade dynamics driving demand for different vessel types in all corners of the world.