Activity in the project cargo market is directly linked to the price of crude oil. With this commodity passing $120/barrel, project cargo operators are experiencing boom conditions.
Unlike other cyclical shipping markets, the heavy lift and project cargo sector tends to experience longer cycle swings, which often start later, due to the lead-time required by their cargoes, and last longer than general shipping trends....
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This complete item is approximately 3000 words in length, and appeared in the May/June 2008 issue of Bulk Materials International, on page 8.
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