Far from all gloom and doom in the heavy lift market

By the same token the sector is also one of the last to come out of a recession as major engineering projects are reactivated/ commissioned. But there is an upbeat attitude in the industry. Niels Stolberg, President, CEO and founder of the Beluga Group, said only last month: “Compared to container or bulk shipping, the project and heavy lift segment is rather stable. Especially the oil and gas sector, as well as the energy sector, there are fields of activity in which we are a strong project partner and in which the companies involved are still investing strongly, as they are well positioned financially despite the global meltdown.”...