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Drewry: Multipurpose has finally turned the corner

The year has started off with renewed optimism in the multipurpose sector, according to analyst agency Drewry, which writes "we believe a steady growth of around 2-3 percent per year is possible."

The conditions are present for a recovery in the distressed multipurpose segment, which covers project cargo and dry cargo, according to analyst agency Drewry.

Demand for dry cargo is rising and the threat from competing sectors has lessened while for example older multipurpose ships are increasingly being removed from the fleet, the firm writes.

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