Carriers

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
Photo: AAL Shipping
by TOMAS KRISTIANSEN

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.

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