During a turbulent time for the project cargo sector, Singapore-based AAL Shipping establishes a new liner service between Europe and Asia. At the same time, the company is making a number of organizational changes.
BBC Chartering has once again overtaken Cosco's specialized ship operator to become the largest company in project cargo. Thorco goes down on the list, though its CEO tells ShippingWatch that he does not recognize the numbers.
The world's fifth-largest multipurpose carrier AAL eyes three major challenges for the sector in the next couple of years. The shipping company increased its presence in Europe before the summer and is now ready to grow more in the region, CEO Kyriacos Panayides tells ShippingWatch.