Latest news from Heavy Lift & Project Forwarding International Magazine

Container profitability on the horizon

July 27 - Container lines could see a 12-month cumulative profit of up to USD5 billion this year, as the "super-cycle" of carrier consolidation has changed the playing field and left shippers with less choice, says Drewry.

Speaking during the Container Market and Freight Rate Outlook webinar, Drewry director Philip Damas suggests that the increased merger and acquisition (M&A) activity, "will have deep repercussions on the entire industry; on shippers, suppliers and terminals.

"Also on the level of competition between the carriers, where an industry that is moving, quite frankly, towards an oligopoly, will give carriers much more control than in the past."

With supply and demand tightening, Drewry predicts an average 16 percent rise in freight rates and claims that, for this year, profitability in the liner industry is assured. This is music to the ears of heavy lift and multipurpose shipping lines, as it suggests that container carriers are increasingly likely to focus on their core market, instead of chasing project cargo loads.


Heavy Lift | News

DSV warns of cuts at Panalpina thumbnail image

DSV warns of cuts at Panalpina

October 15 - Corporate functions and positions at Panalpina may be cut or relocated to DSV’s headquarters in Denmark, as the companies continue with the integration process.
Views: 291
Seville prepares for more project cargo thumbnail image

Seville prepares for more project cargo

October 15 - The port of Seville revealed that it will make a series of infrastructure improvements aimed at attracting industrial traffic and project cargoes.
Views: 242
Webster appointed at Barnhart thumbnail image

Webster appointed at Barnhart

October 15 - Barnhart Crane & Rigging has appointed David Webster as senior vice president – operations.
Views: 205

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