ShippingWatch

Consolidation far from favoring project cargo carriers

With Zeamarine's collapse, peers were favored with vessels at reasonable prices and new customers. So far, however, the benefits of fewer players remain to be seen. ShippingWatch has interviewed AAL Shipping's CEO Kyriacos Panayides.

Photo: AAL Shipping

The last couple of quarters have been very difficult for project cargo operators. Fourth quarter 2019 was poor, and things only got worse when 2019 became 2020.

ShippingWatch has talked to a number of players that describe the current market as demanding, difficult or negative.

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