End-of-year review
Looking back on 2023
It’s tricky to summarise the current state of play in the project logistics and heavy lift shipping sectors. Whether the glass is half full, or half empty, is very much situation dependent.
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Full ships or a damp squib? Gauging the multipurpose market
With a promising project pipeline and a supply side that favours the market, the multipurpose shipping segment is in a stable state, despite 2023 landing somewhat flatter than expected.
Mergers, acquisitions, and expansions: a year of consolidation
Throughout 2023, the project logistics sector saw some key players expand their footprint to target new markets or reinforce their position. It comes off the back of a largely positive outlook for the market, with several industry verticals set to provide a swathe of work around the globe.
Flying high and beefing up capabilities
During 2023, the heavy lift airfreight market continued to grapple with the impacts of the Russian-Ukraine war, as other providers in the sector beefed up their capabilities.