The massive demand destruction in the oil sector has triggered billions of dollars in capex cuts, shrinking the project cargo pipeline.
Often associated with a large capital project such as a plant, a refinery, or a wind farm, project cargo logistics means moving all the many items required to build that project, from (perhaps) massive, one-of-a-kind pressure vessels to many freight tons of pipe and steel to containers full of valves, screws, and nuts and bolts. Sourcing can be global and very complex, and time from engineering to procurement to completion can take months or even years.
News & Analysis
15 May 2020
BBC Chartering's CEO sees a rough course ahead amid COVID-19, but a stronger MPV/HL segment in the long run.
06 May 2020
UHT will represent a fleet of five semi-submersible heavy transport vessels under a partnership agreement with China-based owner Guangzhou Salvage and commercial agent GS-Pango.
05 May 2020
The Taiwanese government plans to develop 5.5 gigawatts of offshore wind energy by 2025, and add another 10 GW between 2026 and 2035.
27 Apr 2020
Intermarine will serve as exclusive commercial agent in North America for United Heavy Lift, though UHL ships are not expected to operate in Intermarine's liner services.
14 Apr 2020
Toepfer's Multipurpose Index falls as COVID-19 effects hamper trade and plummeting oil prices shrink capital investments.
09 Apr 2020
Already under severe pressure as coronavirus lockdowns sap global demand, oil prices fell to a 20-year low last week amid what may be the single most ill-timed game of production chicken in history.
08 Apr 2020
A global economy hammered by pandemic control measures and an oil price war is bad news for the MPV/HL sector, maritime consultancy Drewry reports.
30 Mar 2020
Forwarders are scrambling to preserve project schedules as transport capacity, equipment availability, and personnel are affected by efforts to control the spread of coronavirus.
30 Mar 2020
With information on ISPM 15 violations still difficult to come by, shippers are investigating and educating wood packaging materials (WPM) makers, increasing requirements for heat treatments, and turning to non-WPM materials for dunnage.
27 Mar 2020
COVID-19 and sliding oil prices add up to a "double whammy" for forwarders specializing in project cargo, as transport capacity shrinks near-term and planned energy projects are undermined.
23 Mar 2020
The Exporter’s Competitive Maritime Council (ECMC) newest committee will focus on safety in project transport logistics and on project sites.
11 Mar 2020
As export markets in China thaw following the reopening of manufacturing facilities closed due to the coronavirus disease 2019 (COVID-19), project owners face short-term vessel shortages and carriers fear a potential drop in demand due to falling oil prices.
10 Mar 2020
Because there is no national permitting standard for moving oversized loads across the US, obtaining permits can be an expensive, time-consuming process for trucking operators, or it can be a breeze.
06 Mar 2020
Dutch heavy transport carrier Roll Group is looking to take advantage of the growing Asian offshore decommissioning and fabrication markets with a new facility at Bintan Island.
27 Feb 2020
Project cargo bound for industrial projects is trapped in China due to measures to control coronavirus disease 2019 (COVID-19), triggering project delays and endangering a normally reliable cargo market.
26 Feb 2020
A new $38 million berth will boost Port Canaveral's capacity for handling breakbulk cargo, including cargo bound for the space industry.
19 Feb 2020
MPV/HL carrier Zeamarine files for insolvency in Bremen court as the Zea Gold is arrested for bunkers on board.
13 Feb 2020
Charterer's legal liability insurance is intended to cover the potential legal liabilities and costs of defending or reimbursing a ship's owner, cargo owner, or other damaged party for incidents during the charter period.
30 Jan 2020
Richard Seeg has been named CEO of the newly-revived Intermarine brand, which will operate the Americas Line project and breakbulk cargo service out of Houston and New Orleans.
29 Jan 2020
Wind turbine maker Vestas, citing the growing complexities of moving special project cargo, has linked with DSV Panalpina in an attempt to “scale [its] business efficiently.”
22 Jan 2020
Zeamarine sheds its most modern ships as United Group strengthens its position in a slowly improving market.
21 Jan 2020
Economic uncertainty eases, but overcapacity and changes in fleet makeup continue to pressure the MPV/HL sector.
17 Jan 2020
German super-heavy carrier SAL announces C-suite additions and a digitization push as the outlook for 2020 stabilizes.
27 Dec 2019
A busy renewable energy sector and stable oil and gas markets have collided with persistent overcapacity in the multipurpose/heavy-lift (MPV/HL) sector, causing rate growth to sputter and stall.
20 Dec 2019
Harren & Partner, owner of heavy-lift carrier SAL, has purchased three secondhand ships and is also testing an innovative combustion system for retrofitting on other ships in the fleet.
19 Dec 2019
Outsiders can find vessel chartering in the breakbulk sector exasperatingly opaque. In the last part of a six-part special report on the topic, JOC.com takes a look at how cargo owners, EPCs, and OEMs manage chartering in a challenging market where controlling costs remains paramount.