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. Investment in a multi-million refinery project, for instance, requires considerable financial and engineering lead times, particularly when complex political and environmental negotiations have to be carried out. To operate a regular global project cargo/heavy lift service requires greater investment in larger and faster ships with high cubic capacity, with longer holds than conventional cargo vessels and outfitted with high capacity deck cranes.
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