KBR writes down $1.2 billion of energy project backlog and will focus on government and technology services.
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
24 Jul 2020
Demand destruction, low oil prices, and a looming energy transition signal structural changes for the oil and gas market.
16 Jul 2020
As a project cargo pipeline "hole" looms thanks to retrenchment in the oil and gas sector, slow scrapping and newbuilding orders are not enough to cure sector over-tonnage.
15 Jul 2020
Capital spending cutbacks in the oil and gas sector foreshadow a painful lack of project cargo logistics providers, but the industry could also benefit from the trillions of dollars expected in stimulus spending during the economic recovery from the COVID-19 pandemic.
13 Jul 2020
Multi-billion-dollar impairments recently announced by oil majors like Shell and BP provide a glimpse of the potentially seismic changes taking place in the global energy market, a critical source of project cargo.
02 Jul 2020
BBC Chartering CEO Ulrich Ulrichs said in a JOC Uncharted interview that the MPV/HL fleet should brace for higher operating costs and further consolidation, similarly to the global container fleet.
01 Jul 2020
Following a pandemic-driven slide, the Toepfer Multipurpose Index is expected to stabilize in July.
26 Jun 2020
In a pandemic-distorted logistics environment, due diligence has never been more important, project logistics service providers tell JOC.com.
26 Jun 2020
Despite a difficult business environment, new MPV/HL carrier KOGA Shipping is growing its client base as it enters the US Gulf-Caribbean market, according to CEO Fernando Maruri.
25 Jun 2020
In the face of COVID-19, logistics contracting should carefully define the events that trigger the application of force majeure remedies.
24 Jun 2020
Oil price volatility and the related pullback on capital investment is affecting cargo volumes, primarily on the onshore oil and gas side; offshore effects will take longer to flow through the project supply chain.
04 Jun 2020
MPV/HL carrier AAL’s Asia–Europe service, which has filled a vacuum created by the demise of Zeamarine, is seeing relatively strong demand despite a pandemic-hampered market.
21 May 2020
The massive demand destruction in the oil sector has triggered billions of dollars in capex cuts, shrinking the project cargo pipeline.
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.
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