There is still guarded optimism regarding the state of the project cargo shipping market and operators are continuing to order new ships, but the current financial crisis has inevitably led to some uncertainty.
Oil prices, the driving force behind the current boom in heavy lift and project cargo shipping, are currently half the level they were only six months ago, so the economic incentives to invest in certain projects have been weakened....
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This complete item is approximately 2000 words in length, and appeared in the October 2008 issue of WorldCargo News, on page 48.
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