Breakbulk News

The unknowns surrounding US tariffs and proposed fees on Chinese tonnage is forcing ship owners to take a wait-and-see approach to ordering new vessels.

Speakers at the conference in New Orleans agreed that recent volatility has yet to significantly slow projects or investments in the project cargo sector.

US maritime regulators’ decision to add the multipurpose vessel operator to the controlled-carrier list comes amid a wider US-China trade dispute.

Carriers in the specialized cargo sector are designing contracts that would shift the cost of the US’ possible tax on Chinese tonnage to heavy-lift and project cargo shippers.

Ongoing market uncertainty is expected to upend rates as the breakbulk sector continues to digest tariff ramifications on the specialized sector.

The expansion of the semi-submersible and deck carrier fleet comes amid a forecast rebound in offshore markets, with $46 billion worth of oil and gas EPC contracts anticipated this year and $52 billion in 2026.

Automakers could be hit with compensation claims if they are unable to fulfill seaborne carrier contracts amid an expected downturn in US volumes.

The deal will merge “K” Lines’ traditional logistics activities in ocean and air freight with Kamigumi’s niche business in project cargo logistics.

Firms sourcing from Vietnam, India or Mexico rely heavily on components, raw materials and equipment from China, which will remain an essential link in the production supply chain even if it’s no longer the only one.

Donald Trump’s latest tariffs targeting the auto sector have put key ro/ro ports on alert as they face a “chilling effect” on volumes.

Brent Sadler served in the US Navy for 26 years and now works as a senior research fellow at the Heritage Foundation.

Oil and gas project developers pin hopes on legislative support and tax breaks for supporting carbon capture buildouts in the US, but the future of those projects could be at a crossroads under the Trump administration.

MPV industry experts call for exemptions to US port taxes for China-built ships, stressing the lack of alternatives for specialist cargo carriage and the unfair burden on responsibility on the sector.

A deal between the Northwest Seaport Alliance and the Native American Puyallup Tribe will result in a 22-acre, two-berth terminal completed by the end of the decade.

Freight rate declines coupled with ship supply and cargo demand worries are rippling through the MPV sector.

Engineering, procurement and construction companies are in a tailspin about the possible withdrawal of suitable ships for project cargoes if the US government’s port call proposal linked to Chinese tonnage is implemented.

The arrival of the first vehicle imports in five years has sparked renewed interest in the country’s auto shipment potential.

Fluor, KBR, TechnipFMC and Worley are predicting moderate to strong growth in project orders this year, buoyed by oil and gas work.

Manufacturers are offering diverse views on the outlook for the wind sector, with onshore faring better than offshore in the US and blade accidents upending momentum.

Sustainable financing will help the Oslo-listed operator hit net-zero goals, but it brings risks with higher capex costs to cover operations of its ro/ro fleet.

While the breakbulk sector failed to capitalize on the forward loading of steel to get in front of US import tariffs, it now has bigger concerns with US proposals to penalize Chinese-made MPVs.

Robust automobile, steel and wind power equipment movements in 2024 put US ports on a strong footing, but tariffs and a shift in government priorities could temper progress this year.

Continued strong vehicle trade will more than offset a first-half dip in high and heavy equipment movements, while executives say the impact from possible US tariffs on vehicle imports from Mexico and Canada would be minimal.

Donald Trump said he planned to announce that the US would impose a 25% tariff on all imports of steel and aluminum, both of which are key cargo types for the breakbulk sector.

The threat of US tariffs, inflation, rising government borrowing and slower interest rate cuts are undermining cargo confidence in the US and beyond, according to benchmark indicators.

Investment in wind power and air lubrication gives multipurpose vessel operators an extra shot at compliance with the FuelEU emissions rules.

Unstructured data, security concerns and value questions are holding back the progression of technology in the breakbulk industry.

Shipowners in the sector view the ambitious SHIPS for America legislation as unrealistic, with the domestic shipbuilding industry under-skilled and lacking the capacity needed to meaningfully contribute to the specialized MPV fleet.

Forwarders say that breakbulk and project cargo shippers are taking a greater interest in alternative fuel options for specialist ships.

The breakbulk sector can lean on the progress of key US ports in facilitating the safe bunkering of next generation alternative shipping fuels

EPCs say that tariffs enforced after project costs are finalized not only impact the bottom line but in some cases destroy the viability of a project, hitting volumes in the breakbulk trade.

Airbus’ sudden shutdown of its heavy-lift subsidiary is pushing aviation experts to investigate alternative options to ensure lifts for outsized and project cargo loads are maintained.

A planned US executive order to halt offshore wind turbine activities along the East Coast has the sector in turmoil.

International automakers are putting much-needed investment into Indian manufacturing facilities to increase export capacity.

The question is not whether the market will be strong in the first quarter, but rather how high rates will climb, writes analyst Richard Bright.

With the president-elect looking to unwind some Biden administration policies, US port operators want to ensure that maritime transportation funding will not be unduly affected.

The shipowner’s decision to expand its MPV fleet is underpinned by expected growth in project cargo volumes and a lack of suitable ships.

The project, expected to drive further investment at Europe’s second-busiest port, is the largest investment in Europe’s chemical industry in more than 20 years.

The challenges for truck demand growth in 2025 vary depending on activity in four major sectors: warehousing, office, data centers and manufacturing, according to Jason Miller.

US energy and climate regulations and policies are expected to shift with the incoming Trump administration, although the magnitude of that shift is still unknown.