Last year (2011) saw the multipurpose (MPV) fleet recover some of the optimism seen prior to 2007. Rates have started to firm again and the demand outlook is steady for both breakbulk and project cargo, while the fleet supply is under control.
Drewry’s latest Multipurpose Shipping report states that MPV market share continued to rise over 2011 as non-containerised cargo volumes benefited from the rise in general cargo trade. Those volumes are expected to continue to rise throughout the forecast period, however Drewry expects the MPV share to drop from 2014 onwards, due to competition from both the container and Handy sectors.
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