Latest news from Heavy Lift & Project Forwarding International Magazine

Mood is upbeat, but challenges to overcome

At this week's Breakbulk Europe event, during a discussion session on ocean-going issues, participants heard that companies on all sides of the supply chain still face many challenges.

 

At the panel, which was moderated by Roger Strevens, global head of sustainability at Wallenius Wilhelmsen, Peter Sandberg, who heads SAL Heavy Lift Finland foresees a lot of cargo being placed on the spot market, meaning that rates will remain under pressure.

Ove Meyer, managing partner of Zeaborn, which revealed plans for a joint venture with Intermarine at Breakbulk Europe, assumes that there will be further market shakeout.

Whilst this could be done via further mergers and acquisitions, he ruled out the opportunity to increase fleet size via this route and said that Zeaborn would more likely purchase distressed assets to supplement its fleet to the levels that it has previously said it wishes to achieve.

Meyer said: "It is no big secret that 80 percent of the worldwide (multipurpose) shipping fleet is under distress or in financial troubled waters. There will be further acquisitions and there is a huge need for consolidation.”

Kyriakos Panayides, managing director of AAL, pointed to the ongoing need for flexibility in the current market environment in regards to both equipment and trading areas, but criticised some lines that “are price-driven, opportunistic and show little loyalty.”

A sentiment shared by Meyer who said that he has a problem with some competitors over their pricing strategy which appears to have little consideration for bottom line results.

 

www.2wglobal.com

sal-heavylift.com

zeaborn.com

aalshipping.com

www.breakbulk.com

Heavy Lift | News

Shipping confidence impacted by trade wars thumbnail image

Shipping confidence impacted by trade wars

June 20 - Ongoing concerns over trade wars and increased regulations are having an adverse effect on confidence in the shipping industry, according to the latest survey from BDO (formerly Moore Stephens).
Views: 171
Entrec reports growth for Q1 thumbnail image

Entrec reports growth for Q1

May 9 - Entrec reported year-on-year revenue growth of 10 percent during the first quarter of 2019, but the company’s president and ceo John Stevens said revenue fell below the company’s expectations.
Views: 2098
Project market clouded by slowing trade thumbnail image

Project market clouded by slowing trade

April 17 - Rates will improve in the multipurpose and heavy lift shipping sector through 2019 fuelled by rising volumes of project cargo traffic, but prospects thereafter are muted by an anticipated slowdown in world trade.
Views: 2186
FROM THE MAGAZINE: Risking the supply chain thumbnail image

FROM THE MAGAZINE: Risking the supply chain

April 2 - A worrying and increasingly prominent trend is the amount of risk being shouldered by those active in the project logistics supply chain. David Kershaw reports.
Views: 1627

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.