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Drewry: Multipurpose rates held down by bulk and container

The prospects for struggling owners and operators of multipurpose vessels are intertwined with especially dry bulk vessels which have poor hopes of higher rates anytime before the end of 2017, according to Drewry.

The multipurpose market will see the first small signs of improvement at the end of 2017, which is supported by the expected recovery in dry bulk and container. But this slight recovery is fragile, writes Drewry on Wednesday in the analyst agency's latest Multipurpose Shipping Market Review and Forecaster.

The future for multipurpose depends not only on the balance between supply and demand in this segment but also on the competition from other sectors, which can compete for project cargoes. Container ships and Handysize vessels in particular are competitors, Drewry writes.

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