News / Bleak outlook for MPV sector as demand falls and the box lines move in

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Drewry has lowered its growth forecast for the multipurpose vessel (MPV) sector due to reduced demand, a slump in ship scrapping and tougher competition from dry bulk and container shipping lines.

In its latest report, Drewry says the MPV outlook is “bleaker”, and although it still expects annual growth of 2.1%, this is revised from 2.3%.

“The bedrock of MPV demand is the demand for dry cargo, and within that, dry bulk and general cargo,” said Susan Oatway, author of the Multipurpose Forecaster ...