Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

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

ALE executes pit move thumbnail image

ALE executes pit move

October 18 - ALE has lifted and transported a sulphur storage facility for the Lindsey Oil Refinery in the UK.
Views: 328
Bichowski joins AMT thumbnail image

Bichowski joins AMT

October 18 - Switzerland-headquartered logistics and supply chain specialist AMT has appointed Frank Bichowski as its chief commercial and operations officer.
Views: 438
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: 685

Heavy Lift Across The World

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