Breakbulk News

The deal marks MSC’s return to the booming car carrier market that it exited in March 2023 when it sold its two vehicle carriers to focus on transporting vehicles in containers.

Automobile shipments, especially electric vehicles from China, are strong, while high container rates and capacity shortages are pushing breakbulk, project cargo and equipment shippers toward the ro/ro sector.

Spillover talk is surfacing, but a shift has yet to materialize at Port Houston while oil and gas-related steel demand is on the downswing as rig counts drop.

Multipurpose vessel (MPV) charter rates are rising as tight capacity due to diversions away from the Red Sea, port congestion and higher spot rates prompt shippers to shift containerized cargo to MPVs.

After navigating the 2019 implosion of Zeamarine and the tumultuous pandemic spillover market with MPV carrier UHL, Stehle will rejoin the project forwarding side of the breakbulk shipping segment as chief commercial officer of the Swiss forwarder deugro.

While Cool is “cash rich,” it is under pressure to fill the newbuild capacity it already has as well as what is scheduled to be delivered, writes analyst Richard Bright.

Brunswick could overtake Baltimore as the busiest ro/ro port in the US, at least in the short term, partly because operations at the Maryland port were severely restricted following the collapse of the Francis Scott Key Bridge in March.  

Despite sliding breakbulk volumes during the first five months of the year, there are signs that spillover cargo may reappear at the Port of New Orleans thanks to the disrupted global market.

Trade disruption and related congestion, high container rates and tight capacity are pushing shippers to rethink transport modes and make early moves toward revisiting the spillover market seen during the pandemic.

Security forces preoccupied with Houthi attacks in the Red Sea and an increase in Indian Ocean shipping, thanks to ongoing route diversions, have created an opening for Somali pirates.

Often oddly shaped or very heavy, project cargo does not necessarily consume all the deadweight space on a given vessel.

Managing federal funding requires transparency, early coordination between logistics and finance, and early planning with MARAD in mind.

The March collapse of the Francis Scott Key Bridge in Baltimore piled on yet another layer of disruption, while the Sept. 30 expiration of the existing labor contract for longshore workers on the East and Gulf coasts will make shippers more nervous.

The US DOT’s latest iteration of a national multimodal freight network map presents an opportunity to pinpoint vital routes and address concerns specific to out-of-gauge and heavy-haul road transport.

The moves come as the project cargo market is set to continue its growth trajectory, supported by key sectors such as oil and gas and mining.

Deere and Caterpillar are facing a lackluster year as equipment sales soften amid lower commodity prices and market uncertainty.

Time charter equivalents and forward bookings are increasing as project-related demand strengthens and carriers continue to reroute voyages away from the Red Sea.

Roll-on/roll-off carriers Wallenius Wilhelmsen and Höegh Autoliners anticipate high auto volumes and tight capacity ahead amid Red Sea-driven diversions.

The Houston-based company expands to 30 vessels as it takes on management of six Harren Group bulkers and adds two more MPV ships to its fleet.

Project cargo shippers are pivoting and rethinking their supply chain strategies as global turmoil becomes the norm in a post-pandemic breakbulk market.

While oil and gas investment will play a large role throughout the energy transition, renewables investment will dominate by 2030, according to S&P Global.

Approximately one-third of the multipurpose and heavy-lift fleet is in position to be scrapped, while the industry demands that larger vessels and carriers weigh which type of fuel will rule the day.

The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce’s Breakbulk & Project Cargo Conference were told Thursday.

The deal was announced to coincide with the release of Gram's first-quarter results, which showed the car carrier market is continuing to boom with soaring charter rates, record vehicle exports from Asia and tight vessel capacity.

The gateway’s long-serving chief executive will be replaced by Charlie Jenkins, who is overseeing the widening and deepening of Houston’s ship channel.

The global energy buildout in renewables and oil and gas has spurred the heavy-transport partners to order two new carriers.

Toepfer Transport says improving demand and the ongoing threat to shipping caused by the Houthi militant attacks in the Red Sea region have boosted fleet utilization.

With the busiest roll-on/roll-off (ro/ro) port in the US closed to ship traffic, automobile manufacturers and ro/ro carriers are shifting to alternative ports.

The cost of moving flatbed loads from Baltimore to warehouses in western Maryland jumped more than $100 per load compared with February’s average cost, according to data from DAT Freight & Analytics.

Oil and gas supply chains are in jeopardy as the government of Equatorial Guinea announces that it plans to nationalize a major port asset owned by Netherlands-based UAL Group.

Tougher environmental rules are expected to drive more MPV scrapping even as the order book expands thanks to new MPV and open-hatch ship orders.

New orders for open-hatch multi-purpose ships, some of them heavy-lift capable, have increased the MPV fleet growth forecast by 3.5% through 2028.

Billions of dollars in federal funds are available to scale up innovative green energy projects, once would-be developers make it through the DOE’s loan qualification process.

Mode-malleable breakbulk cargo is shifting back to containers even as disruptions threaten to squeeze capacity and drive container rates higher.

Four EPC majors — Fluor, KBR, TechnipFMC and Worley — reported double-digit growth in order backlogs and say they are optimistic about continued revenue momentum into 2024.

Amid growth in US infrastructure spending, the heavy-haul transport segment is calling for better synchronization among state transportation departments when it comes to oversized transport requirements and permitting processes.

The multipurpose sector is managing security risk, dodging pricey transit fees at the Panama Canal and finding new cargo sources as route diversions globally become routine.

Vessel diversions and potential tariffs complicate the outlook, but strong forward contracting fueled by booming demand is bolstering the ro/ro sector after a strong 2023.

Multipurpose/heavy-lift carriers share concerns over the uncertainty caused by geopolitical events but see longer-term promise thanks to the slow-moving green energy boom.

Wind OEM earnings grew as the business environment improved and companies continued to work their way through low-margin projects that were booked before inflation and supply chain snarls hit the industry.