Digital Edition

Breakbulk July 2018

Issue link: https://jocdigital.uberflip.com/i/1003922

Contents of this Issue

Navigation

Page 30 of 31

SPECIAL ADVERTISING SECTION July 2018 | The Journal of Commerce 31 www.joc.com BREAKBULK & PROJECT CARGO three months. Anything else is a crystal ball," Fisch said. Absent the ability to perform viable medium- to long-range forecasting, players engage in an ongoing exercise of market analysis and research. They monitor trade and industry resources to identify emerging opportunities as early in the project cycle as possible. Then, they attempt to position themselves as the best option by crafting the optimum cost and capability package consistent with capacity and delivery demands. Fisch reports that the MPV emerges as the carrier of choice … "when all options have been diligently assessed and a decision was made in favor of the most suitable and best option. It's about comparing the various solutions with each other. Qualitative factors, e.g. safety, compliance and performance aspects may come into the equation and eventually there are good reasons to ship cargo as breakbulk." Access to any harbor, onboard lift capacity and vessel scheduling flexibility also drive the selection process. "We serve any port, any cargo (we call this apac service). Through our global network and our fleet, we can handle breakbulk literally anywhere in the world. Our fleet of MPP/HL vessels provides the highest flexibility and performance for project cargo shippers. We provide a tailor-made solution, something which can hardly be served by large container vessels. As said before, one needs to compare the available options to match the requirements and evaluate the pros and cons," Fisch said. Drewry provides projections through 2019 estimating that dry cargo volumes will grow at about 2 percent compared to 2017. They expect the MPV share of the market, having decreased by around 2 percent over 2017, due to continued competition from other sectors, to stabilize over the next two years as volumes improve and competition softens slightly. Oatway provided the backdrop for their market expectations, reporting, "The definition of 'general cargo' remains the largest assumption in our report. General cargo is whatever is left after the specialist ships have taken their share. Drewry expects containerized cargo volumes to continue to grow strongly in the medium term. This is mainly as a result of the continued containerisation of breakbulk cargoes." "Going forward, although we expect this trend to slow, as the container lines move back to their more traditional (high-paying) cargoes, we do not see a significant rise in absolute non-containerized general cargo volumes for the short term. "However, we do expect to see the MPV share of total dry cargo volumes to rise. When we translate the general cargo volumes into potential demand for vessels in the MPV sector, we look at the potential share of each part of the market available to the multipurpose and heavy lift fleet." Currently, the MPV share of the total dry cargo market is around 17 percent. Going forward, indications call for stability over the medium term and a suspension of the erosion of market share. "We estimate that the MPV fleet will see its share of the dry cargo market rise back by between 2-4 percent in the medium term, which equates to 1.3 [billion] to 1.4 billion tonnes," Oatway predicted. ■ email: john@bottline.com Yusen Logistics expertly handles breakbulk and over- dimensional shipments, from origin to destination. Our multi-modal transportation options and strategic relationships with carriers will ensure your project is completed on time and on budget. Let us give you a lift. www.yusen-logistics.com SIMPLE SOLUTIONS FOR YOUR MOST COMPLEX MOVES J86202 Yusen Heavy Lift Ad_4.625x7.375.indd 1 6/26/18 11:45 AM

Articles in this issue

Links on this page

Archives of this issue

view archives of Digital Edition - Breakbulk July 2018