Latest update: 12 Jul 2021

Multipurpose vessel charter rates surpass 2008 peak with further to go
The continued easing of lockdown restrictions across the globe, combined with the capacity constraints in other sectors, mean that charter hire rates for the multipurpose and heavylift fleet are expected to continue to rise from their current peak for the remainder of the year, according to Drewry’s Multipurpose Shipping Forecaster.

02 Dec 2020: Exotic fruit to drive growth in the reefer shipping trade
Growth in the reefer shipping trade has been largely driven by soaring demand for proteins into swine flu-ravaged Asia, but this trend is expected to recede as domestic pig stocks recover. Future growth is expected to come from accelerating trade in exotic fruits, thanks to new technology which is lengthening potential shipping distances and opening up new markets where discretionary spend is rising.

24 Aug: Press release - Reefer shipping to outpace dry cargo trade despite container shortages
Availability of refrigerated container equipment is forecast to tighten as buoyant trade and continued modal shift boost expansion in reefer cargo carried by containerships.

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.