Top
image: AAL Shipping

Drewry: Multipurpose Shipping Starts 2018 with Optimism

April 6, 2018

Category:

Multipurpose shipping has started 2018 on a confident footing and is forecast to recover further on rising demand, contracting vessel supply and lessening threats from competing sectors.

The multipurpose shipping market, which comprises both breakbulk and project cargo sectors, has struggled over the last few years but conditions are now ripe for recovery, shipping consultancy Drewry said in its latest Multipurpose Forecaster.

Dry cargo demand is growing, with a number of drivers reporting improving conditions, whilst the multipurpose fleet is contracting as older, smaller, less heavy lift capable tonnage is weeded out.

Read More on World Maritime News