Low market growth with stable fleet - moderate outlook for heavy lift shipping

Heavy lift shipping is a niche within the global multi-purpose market. Today, the multipurpose / heavy lift fleet is young and modern. After a fleet modernization, heavy-lift vessels with an average age of 10.6 years are among the youngest fleet segments. In the wake of the crisis important players disappeared from the heavy lift market, and the remaining larger ship owners have made their fleets more flexible through takeovers or co-operations in order to optimise their fleet utilisation. The top 10 shipping companies account for two thirds of the segment's fleet capacity and the leading shipping companies BBC, Zeamarine, Cosco and Spliethoff alone are responsible for around half of the capacity.

Low market growth with stable fleet - moderate outlook for heavy lift shipping © ISL

The heavy lift market, on which the ship owners operate in tramp, (project) or liner shipping, etc., is diverse. Among the sub-markets and sectors of demand considered in this brief study are large-scale plant construction and the refinery market, the petrochemical industry, the steel market, mining equipment, power plant and turbine/LNG market, the steel tube and pipeline construction, the rail market, the port crane market and the offshore market (rigs, wind turbines and decommissioning). The current situation and the outlook of the mentioned markets are different and mixed. On average, moderate growth on demand side can be expected.

The short study examines the current heavy lift market with regard to the supply side (fleet) and provides a lot of information on growth development regarding turnover, production and capacity expansions on eleven sub-markets on demand side.

The short study is now available at the ISL for the price of € 350,- plus VAT.