The last three months have been some of the worst the multi-purpose and project carrier sector has endured in living memory, according to Drewry.
“The breakbulk and project cargo sector remain weak, with little suggestion that volumes will improve significantly until the end of 2017,” the UK-based consultancy says.
“Rates have continued to slide to barely cover operating expenses, as the competing sectors of container ships and bulk carriers have weakened the MPV market ever further in their search for market share,” it adds.
Drewry
