The world's biggest project carrier, German BBC Chartering, will occupy a dominant position in more than one sense in the overall spectrum of specialized carriers in the struggling multipurpose sector, as it now enters a strategic partnership with Dutch Jumbo Shipping.
Even though both parties in the two family-owned carriers have expressed high expectations for the recently announced partnership, the new constellation has been established in light of the massive downturn seen in recent years. This downturn has enveloped the sector for which BBC Chartering CEO, Svend Andersen, eyes no significant and sustainable improvements in the market going forward, almost no matter where one looks across the globe.
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