by Edwin Bastian May 15, 2023
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Multipurpose sector facing some headwinds, but long-term outlook remains bullish
A year ago, the MPV and container sectors were riding a wave of optimism resulting from pandemic related issues including a supply chain crisis like we’d never seen before.
Multi-purpose vessels and HL sector cautiously optimistic for 2023
If this year’s Black Friday sales were a precursor to what 2023 will bring us, the all-time record sales of over $ 9 billion would indicate the economy is hitting on all cylinders.
Multi-purpose vessel/heavy lift ship outlook
At present we find the current state of the MPV/HL [Multi-Purpose Vessel/Heavy Lift] sector, the work-horse ships of the project business, to be in fairly good shape.
2021 “An interesting year” for MPPs
Last February I wrote an article entitled “Container Crisis Opportunity in the Multipurpose Sector” [AJOT Issue #718, Breakbulk Quarterly, page 9] concluded the article by saying “It should be an interesting year,” and 2021 didn’t disappoint.
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