ShippingWatch

Multi-purpose operators benefit from offshore wind and red-hot container market

What had the potential to become another disappointing year for the specialized cargo and heavy-lift carriers in mid-2020, turned out to be a surprisingly good year. ShippingWatch has interviewed the CEOs of AAL and United Heavy Lift about the current market.

Photo: AAL Shipping

After years of dire market conditions and disappointing financial results, 2020 became the turnaround for specialized and heavy-lift cargo carriers, which are finally able to breathe a sigh of relief.

It has been a while since major players in the struggling industry have talked about prosperous outlooks and rates going in the right direction. But last year - with all its difficulties originating from Covid-19, complex crew changes and commercial uncertainties - the market seemed to begin to recover.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Further reading

Related articles

Latest news

See all jobs