Yuletide spirit set to reinvigorate projects market

Yuletide spirit set to reinvigorate projects market

The project shipping market has cooled off in the last couple of months, but should pick up before Christmas, a leading breakbulk executive told Splash today.

Steve Dillon, who heads up BBC Chartering’s operations in Singapore, commented: “Currently the market has taken a slight dip since the summer months. Indicators are showing a pick up for pre-Christmas. However, it appears 2016 will not be such an improvement over 2015.”

With around 160 multipurpose and heavy lift vessels in its fleet, Germany’s BBC Chartering is a leader in the sector.

This July it launched its apac service, which stands for ‘any port, any cargo’, something that has gone down well with clients, both old and new.

“We have received a sizeable number of enquires from new clients, which is in addition to information requests from existing ones. The launch has actually generated more interest that had been hoped for,” Dillon said.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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