Construction boom in Southeast Asia promises improvements for multi-purpose

A growth in renewable energy and a construction boom in Southeast Asia makes Drewry forecast better times for the strained multi-purpose sector. However, the optimism is conditional.

The hard-pressed multi-purpose sector, which covers project and bulk cargo, could face improvements with increasing growth within renewables around the world and a construction boom in Southeast Asia, which is expected to last the next ten years, reports maritime and supply chain consultancy firm Drewry.

However, the optimism is conditional, as certain factors such as global demand will grow just two percent annually ahead of 2022, while the multipurpose and heavy lift fleet is expected to land contracts for less than one percent annually in the same period, writes Drewry.

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