Latest news from Heavy Lift & Project Forwarding International Magazine

Rate pressures facing conventional sector being seen by heavy lift operators

May 29 - Speaking at this week's Breakbulk Europe conference in Antwerp, Arie Peterse, managing director of BigLift Shipping suggested that shipping lines that focus on heavy lift and over-dimensional cargoes, blessed with many years of capacity shortages

 

Predicting that in considering supply and demand, freight rates will trend lower in the next two years, Mr Peterse advised that that whilst his own company still has a backlog of contracts of affreightment from the past two years, it only provides employment for a small portion of the fleet until 2011. Which does suggest that BigLift, along with the other lines will have to rely more on the weakening spot market to contract cargo.
 
One specialist multinational project forwarder who wished to remain anonymous said that whilst the coming years are expected to be more difficult for all involved the project and heavy lift business, he anticipated that as freight rates for over-dimensional and heavy lift are likely to continue falling as investments in projects stall, this might sway things in favour of companies such as his.
 
Mr Peterse concluded: "It will be survival of the fittest again." Which reminded us of the headline on the front cover of our Jan/Feb 09 edition.

 

 

Heavy Lift | News

Cargolux calls at Incheon thumbnail image

Cargolux calls at Incheon

July 17 - Cargolux Italia has launched a Boeing 747 service between Milan Malpensa Airport, Italy and Incheon, South Korea.
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BigMove goes digital for licenses thumbnail image

BigMove goes digital for licenses

July 17 - BigMove – a European alliance of 13 medium-sized logistics companies – is introducing digital driving licenses for its network of 1,000 drivers.
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ESTA joins EC best practice project thumbnail image

ESTA joins EC best practice project

July 16 - The European association of abnormal road transport and mobile cranes (ESTA) has been asked to support a European Commission study to “explore health, safety and environment (HSE) best practice in the wind power sector”.
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