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Breakbulk April 2018

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Cover Story Breakbulk & Project Cargo 6 The Journal of Commerce | April 2018 She cited broad improvement in the global economy that is boosting demand, a slowdown in vessel orders that is keeping capacity growth in check, and the possibility that con- tainer and bulk carriers will see im- provement in their core markets that discourages them from competing for project and breakbulk shipments. This kind of optimism has been voiced before, but now it is being shared by companies involved in oil Global economic growth brightens prospects for multipurpose carriers By Joseph Bonney Multipurpose THE MIRAGE IS starting to look real. After years of forecasts of imminent recovery in depressed breakbulk and project markets, there are growing signs the market fi nally is close to shaking its doldrums. "I am a little more optimistic than I was last year," said Susan Oatway, breakbulk specialist at Drewry, who spoke during a recent JOC webcast. "The fundamentals are defi nitely there."

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