Breakbulk News

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.

Project volumes will include steel and modules related to the development of the second phase of the $21 billion Venture Global liquefied natural gas export facility under construction in Plaquemines Parish, downriver from New Orleans.

The flow of roll-on/roll-off cargo shows little sign of slowing as carriers ink long-term deals with automotive and high and heavy manufacturers.

Hurdles slowing the US wind buildout are very real, and the Biden administration’s goal of 30 GW of offshore wind by 2030 appears increasingly unrealistic.

While container spot rates aren’t favorable for vehicle shipments now, Emanuele Grimaldi said the size of the container ship orderbook could easily pull rates down as networks adjust to Red Sea disruptions.

The MPV spot market is increasingly busy even as high interest rates and supply chain bottlenecks hold back capitol project execution, analysts and industry executives say.

The new ships, scheduled for delivery in 2026, form a fleet renewal program to replace three existing ro/ro vessels operated by Louis Dreyfus under a long-term charter agreement with Airbus that has been in place for more than 20 years.

Heavy-lift and semi-submersible owner/operator Harren Group is expanding its fleet with a mix of long-term charters and up to six newbuildings.

With capacity restricted, global MPV/HL rates are expected to rise again starting in the second quarter of 2024.

The biggest trucking acquisition of 2023 gives Canada’s TFI an additional $1.8 billion in annual revenue and nearly 20 operating subsidiaries hauling oversized, heavy freight.

Existing wind-related manufacturing capacity in the US struggles to meet the local content requirements of the measure, frustrating would-be developers and pushing away some early investors.