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Market moves in heavy lift shipping

Despite fears of a commodity slowdown, heavy lift and project cargo shipping serving this market remains in relatively good shape handling a backlog of contracts.
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Following a spate of newbuilding activity there has been a lull, although Jumbo Shipping surprised the market with an order for two highly sophisticated ultra heavy lift vessels, with an option for a third. These Kclass vessels are intended as part of a fleet expansion programme rather than renewal and are based on the successful J-type ships which are fitted with two 900t mast cranes.
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