The brokers of BRS Group published their very comprehensive annual report.
Some highlights for the roro section, starting on page 136.
- Dramatic improvement in the roro market, caused by surging volumes, to keep up with the increased demand from consumers, and amid the need for inventory replenishment which were languishing at low levels.
- Chartering activity followed the upward trend which began in 4Q20. The periods fixed became longer, and rates continued to rise significantly throughout the year.
- In 2Q and 3Q, as cargo volumes continued to increase, the periods became longer as charterers became confident in the market and realized the importance of securing tonnage to cover the increased cargo volumes. Rates increased.
- The outlook for 2022 is also optimistic based on the continued scarcity of tonnage.
- Sale and purchase activity were higher: 21 units sold (8 in 2020, 18 in 2019)
- Average age 27.5 years
- Average size 1,590 lane metre. (boosted by several transactions including the ACACIA SEAWAYS (4,076 lane metre ) and POL STELLA (3,663 lane metre) etc…
- BRS expect the second-hand market of roros to remain firm.
- 10 roro ships delivered in 2021 amounting to roughly 50,500 lane meters.
- 10 new orders were placed in 2021, up from only 2 in 2020.
- The order book is down to a level BRS have not seen in several years.
- Forecast: tonnage to remain tight in 2022, particularly in the 1,000-2,000 lane metre and 2,000-3,000 lane metre segments. BRS expect a strong market, but not necessarily with as high a volume of transactions as in 2021.
Click on the cover below to access the full BRS annual review