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.

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