News / Two more years in the doldrums for project and heavylift shipping as competition grows

The heavylift, project cargo and multipurpose shipping sector is set for another two years in the doldrums, according to a new report from Drewry Maritime Research.

Describing the past quarter as one of “the worst the multipurpose and project carrier sector has endured in living memory”, the analyst’s latest Multipurpose Shipping Market Review and Forecaster report predicts there will be no recovery in volumes until the end of 2017.

And, it says, dedicated project cargo carriers will continue to experience cutthroat competition, with ...