Industry Stakeholders Upbeat on Breakbulk Shipping’s Prospects

Image Courtesy: AAL

Shipping industry’s stakeholders predict that heavy lift breakbulk cargo movement ex Japan into Asia will grow over the next 18 months.

Helping the mood of optimism about Japan’s project cargo exports voiced at AAL Japan’s one-year anniversary celebrations in Tokyo was news that local engineering companies are involved with energy projects coming online in Taiwan, Vietnam, Thailand, Indonesia, Malaysia and Myanmar, as well as oil and gas developments in Indonesia, Vietnam and Thailand, Singapore-based ocean transport operator AAL said.

Beyond Asia too, upcoming energy projects are being targeted in Africa and oil & gas projects on the US West Coast and Middle East are raising confidence and drawing focus away from a slowing China trade.

“Japan’s position as the world’s third largest economy is very much by design. The engineering, industrial and commercial infrastructure and capabilities here are a leading example to the rest of the Asia and indeed many other markets around the world,” Wolfgang Harms, Deputy Managing Director of AAL and head of its operations in Japan commented.
“The local government is working hard to lift economic fortunes.  This is being shaped not just with monetary policy to boost trade & consumer spending to an inflation target of 2%, but through infrastructure developments, renewable energy reforms and the building of stronger trade outside Asia – a policy which helped exports rise in the last quarter of 2015, after a sustained period of decline.”

Share this article

Follow World Maritime News

In Depth>


<< Mar 2018 >>
26 27 28 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >