Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

Drewry remains optimistic on multipurpose recovery

During a webinar earlier this week looking at the latest trends and outlook for the multipurpose shipping market, covering both breakbulk and project cargo sectors, Drewry repeated its optimistic forecast for the sector, predicting further rec

Susan Oatway, Drewry's lead analyst for the multipurpose sector, said this optimism was based on rising demand trends, contracting vessel supply and lessening threats from competing sectors.

Oatway says: "The fundamentals are there (growing demand, contracting supply). The fly in the ointment is always the competing sectors but here too things are looking better. So there is definitely scope to get this market off rock bottom."

She added that whilst demolition levels are still historically low, the multipurpose fleet is contracting as older, smaller, less heavy lift-capable tonnage, which has an average age of over 21 years, is scrapped, adding that new IMO rules on emissions and ballast water will encourage this trend.

However, whilst Drewry sees overall vessel supply moving closer toward balance, the true picture actually has a vast number of simple older vessels weighing the supply side down. "So we have some way to go before we are free of this overtonnage situation," says Oatway.

Asked whether shippers of commodity cargoes that have made a long-term switch from breakbulk to containers will ever return to multipurpose ships, Oatway predicted that where investment has been made on port infrastructure and the logistics chain, there will be no switch back.

"When we talk about the multipurpose market share (of the drybulk cargo market) we do not see it increasing back to pre-2007 levels. Multipurpose volumes only really increase when overall volumes rise."

Speaking about rates, Oatway says that Drewry believes a steady growth of around 2-3 percent per year is possible over the forecast period, with demand growth expected to improve by 0.5 to 1.0 percent over the same period.

If you would like any more information on the material presented on Drewry's new Multipurpose Shipping Annual Review and Forecast 2018-19 report visit this website:

https://www.drewry.co.uk/maritime-research-products/multipurpose-shipping-annual-review-and-forecast-2018-19?utm_source=newsletter&utm_medium=email&utm_campaign=MPV%20webinar 0.000000ollow 0p%20April%2018

www.drewry.co.uk

Heavy Lift | News

DSV soars with generator component  thumbnail image

DSV soars with generator component 

May 24 - DSV has transported a 40-tonne generator component on board a Volga-Dnepr Ilyushin IL-76 from Germany to Australia for Siemens. 
Views: 1811
Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
Views: 1928
Dsouza joins Virgin Atlantic  thumbnail image

Dsouza joins Virgin Atlantic 

May 20 - Virgin Atlantic Cargo has named Bosco Dsouza as its account manager in Melbourne as the airline looks to continue its expansion in Australia. 
Views: 1922
Demag duo for Cosmo thumbnail image

Demag duo for Cosmo

May 20 - Australia’s Cosmo Cranes has added two Demag all-terrain cranes to its fleet.
Views: 1833

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.