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Multipurpose Shipping
7 Apr 2020: Coronavirus outbreak to weigh heavily on breakbulk sector.
Read the update
Latest opinion: 07 Apr 2020
Multipurpose & heavylift shipping to stagnate on coronavirus impacts
Drewry’s latest forecast for multipurpose and heavylift (MPV/HL) shipping confirms that if the coronavirus (COVID-19) outbreak is contained by 4Q20, the expected demand growth for breakbulk and project cargo will stay positive but remain very weak.
04 Mar 2020: Coronavirus to cut multipurpose cargo demand growth prospects
Initial analysis by Drewry suggests that the coronavirus (Covid-19) outbreak will lead to weaker than expected full-year cargo demand growth for multipurpose and heavlift (MPV/HL) vessels, as any anticipated recovery will not be sufficient to offset contractions of the first part of the year.
14 Jan 2020: Multipurpose shipping earnings to recover 6% in 2020
The outlook for multipurpose shipping, comprising both breakbulk and heavylift vessels, is brightening despite rising geopolitical risk and economic uncertainty. Drewry forecasts that average earnings will rise 6% in 2020, and despite a mild correction in 2021 will continue to improve over the longer term on stronger cargo demand relative to capacity.
Drewry’s latest forecast for multipurpose and heavylift (MPV/HL) shipping confirms that if the coronavirus (COVID-19) outbreak is contained by 4Q20, the expected demand growth for breakbulk and project cargo will stay positive but remain very weak.
04 Mar 2020: Coronavirus to cut multipurpose cargo demand growth prospects
Initial analysis by Drewry suggests that the coronavirus (Covid-19) outbreak will lead to weaker than expected full-year cargo demand growth for multipurpose and heavlift (MPV/HL) vessels, as any anticipated recovery will not be sufficient to offset contractions of the first part of the year.
14 Jan 2020: Multipurpose shipping earnings to recover 6% in 2020
The outlook for multipurpose shipping, comprising both breakbulk and heavylift vessels, is brightening despite rising geopolitical risk and economic uncertainty. Drewry forecasts that average earnings will rise 6% in 2020, and despite a mild correction in 2021 will continue to improve over the longer term on stronger cargo demand relative to capacity.
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
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.
Related News
02 Dec 2019
Ship operating costs rise on higher R&M and insurance spend
Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend, while costs are expected to continue rising at a similar pace in 2020, according to Drewry’s latest Ship Operating Costs Annual.
01 Oct 2019
Slow car carrier recovery to trigger more distressed asset sales
Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and minimal vessel ordering, according to Drewry’s latest Finished Vehicle Shipping Annual Review and Forecast.
Advisory Expertise
Advisory support across the specialised shipping sectors
We offer specialist advisory services to support operational, planning, strategic and investment needs in the multipurpose, offshore, PCTC, car carrier, ferry and cruise liner sectors. As well as operational and technical due diligence services we also conduct bespoke market analysis, financial modelling and feasibility studies to support the commercial and strategic objectives of owners and operators, investors and other stakeholder with interests in these highly specialised areas of the
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Multipurpose Forecaster (Annual Subscription)
Quarterly In-depth Market Forecasts · Latest release 07 Jul 2020
Written by one of the sector’s leading experts our Multipurpose Forecaster provides an unparalleled depth of market analysis. This subscription package comprise the annual market review together with quarterly sector updates.
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