Heavy liftings

Demand for multipurpose vessels grows as lines lose interest in project cargo

As container lines ‘lose interest’ in oversized cargo, larger-sized breakbulk and heavylift vessels are predicted to see an average 6% rise in their earnings this year, according to Drewry.
Breakbulk shipowners are now not seeing the usual threat to their sector from container carriers looking to top up their ships with project and heavylift cargo.
The danger from “carrier poaching” has receded significantly in past months as the supply of containerships has …

The post Demand for multipurpose...

https://theloadstar.com/demand-for-multipurpose-vessels-grows-as-lines-lose-interest-in-project-cargo/

Bleak outlook for MPV sector as demand falls and the box lines move in

Drewry has lowered its growth forecast for the multipurpose vessel (MPV) sector due to reduced demand, a slump in ship scrapping and tougher competition from dry bulk and container shipping lines.
In its latest report, Drewry says the MPV outlook is “bleaker”, and although it still expects annual growth of 2.1%, this is revised from 2.3%.
“The bedrock of MPV demand is the demand for dry cargo, and within that, dry bulk …

The post Bleak outlook for MPV sector as demand falls and the box lines...

https://theloadstar.com/bleak-outlook-for-mpv-sector-as-demand-falls-and-the-box-lines-move-in/

MPV and heavylift sector facing mid-term headwinds as global trade slows

The multipurpose vessel (MPV) and heavylift shipping sector is set for 3.8% growth this year, declining to 1.4% in 2020, as the global economy slows and competition for cargo grows, according to Drewry. 
The maritime consultant said the sector would see “strengthening rates through 2019 fuelled by rising project cargo traffic, but prospects thereafter are muted by an anticipated slowdown in world trade”. 
Acknowledging that the trade dispute between the US and China appeared to be “moving...

https://theloadstar.com/mpv-and-heavylift-sector-facing-mid-term-headwinds-as-global-trade-slows/

In a tight market, heavylift operators must be ‘more competitive and work together’

Demand in the multipurpose and heavylift shipping sector grew just 2.8% last year and “competition continues to erode the share of non-containerised general cargo”, according to analyst Drewry.
In a presentation today on recent trends and the outlook for the multipurpose shipping market, Drewry’s senior analyst, Susan Oatway, reported “very little activity” in the supply side, with 3,192 vessels in the sector with a combined total deadweight of 29.5m tonnes and an …

The post In a tight market,...

https://theloadstar.co.uk/in-a-tight-market-heavylift-operators-must-be-more-competitive-and-work-together/