Project cargo and heavy lift shipping, by nature of the long planning, designing and construction lead times for their cargoes, enter a downward cycle long after other sectors of the shipping market.
By the same token, the sector is also one of the last to come out of a recession as major engineering projects are re-activated/commissioned....
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This complete item is approximately 2000 words in length, and appeared in the May/June 2009 issue of Bulk Materials International, on page 11.
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