Heavy lift takes the first steps out of a decade-long downturn

One decisive factor contributes to a small recovery in the hard-pressed heavy lift segment. But the rates need to increase by 20-40 percent before the market can be described as healthy, says the CEO of the world's second-largest project cargo carrier, Svend Andersen, in an interview with ShippingWatch.

Photo: PR-foto: BBC Chartering


A decade is a long time to remain strained and under pressure, and in other segments in shipping, one often hears of cycles revolving around seven good years and seven bad years. But in heavy lift, the bad cycle has now lasted ten years, since the financial crisis erupted in 2008.

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