AAL enters this new cycle with clear, demand-driven momentum as the global energy transition reshapes cargo flows and project logistics, and we see lasting opportunities for carriers with flexible tonnage and technical expertise.
Shipping demand linked to power generation will strengthen as countries accelerate the shift away from coal and other traditional sources. At the same time, the rapid expansion of artificial intelligence infrastructure is increasing global electricity consumption.
Wind energy is the standout driver: the industry is set to add approximately 982 GW (both onshore and offshore) over five years, growing at about 8.8% annually. These projects will continue to drive shipments of turbines, transformers and heavy components translating into higher breakbulk shipping volumes.
Renewables-led project work will be a primary growth engine across Oceania, intra-Asia and Europe, while the US market remains constrained for 2026 and beyond. Sustained investment in oil, gas and construction will underpin demand in the Persian Gulf, and parts of North America show promise from growth in oil, gas and power.
The Middle East and Persian Gulf remain pivotal growth corridors despite geopolitical tension, with renewed infrastructure and energy construction generating heavy-lift and breakbulk demand across ports and charter markets.
Indonesia’s shift from resource export to onshore value-added manufacturing is creating a steady pipeline of inbound components, heavy equipment and specialized logistics. India’s push for infrastructure and energy investment, combined with stronger domestic manufacturing and higher foreign industrial investment, is increasing demand for transformers, modules and industrial equipment and boosting project cargo imports.
As these dynamics unfold, collaboration across the shipping, energy and infrastructure sectors will be critical to ensuring our industry keeps pace with technological change and environmental ambition.