Heavy-lift carriers only order newbuilds in case of long contracts
Leading carriers such as Jumbo and AAL account for the large newbuilds in the capital-hungry heavy-lift sector. Ships are so costly that they are increasingly commissioned with basis in long-term contracts on transport of, for instance, components for the wind energy sector, according to consultancy Drewry.
by jens thomsen, translated by kristoffer grønbæk
Despite historically high rates in the last couple of years, multipurpose (MPP) carriers are still so marked by the preceding ten-year crisis that these shipping companies only invest in new vessels if they are able to secure long-term transportation contracts for them.
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