Drewry: Multipurpose recovery on the far horizon

The market for multipurpose vessels is hit hard by the dry bulk downturn, which has sent the struggling bulk vessels looking for cargoes outside their traditional segments. A much-needed recovery for multipurpose vessels will come in late 2017 at the earliest, writes Drewry.

Photo: BBC Nile

The extreme depression of the dry bulk market has sent Handysize vessels in particular hunting for cargoes and work in other segments, and this development has pulled the multipurpose (MPV) segment down into the slump as well.

There will by 2017 at the earliest be sufficient dry bulk volumes in the Handysize segment to open for a degree of recovery in multipurpose, as the vessels here will once again be able to pick up breakbulk cargoes without the intense competition from the starving dry bulk vessels, writes Drewry in a new analysis.

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