Project cargoes may not be the fastest movers on the high seas, but they have proved much less volatile than the U.S. container trades during the coronavirus pandemic.
Singapore-based AAL Shipping, one of the world’s largest marine project cargo carriers with 25 vessels, has witnessed a steady increase in ship sailings involving the transport of large capital equipment from Asia to U.S. ports during the first half of 2020. Between April and June alone, the carrier completed 12 sailings to the U.S.
“This has been driven mostly by our 2020 strategy to increase our coverage of the Asia-U.S. trade lane and commit tonnage and resources to really expanding our presence in the region,” Christophe Grammare, AAL’s commercial director, told…
View entirety: Freightwaves