b'10American Journal ofTransportation ajot.com(BULLISHcontinued fromto receive and distribute thismoves on behalf of owners,AJOT: In terms of a proj- what is feasible from a ship-page 4) powermustalsoberampedwhicheffectivelywouldbeect, the lifespan or duration ofping perspective.market.Howmuchimpactup similarly. our customers. a project can be years. Does aAJOT:Although we have is COVID having on currentAJOT:AnothersectorAJOT:Oneareathatprojectorprojectslifecyclesasked this question before it operations? we dont talk about is the lei- we dont often discuss is howinfluence asset planning for anis still interesting. AALs fleet Morland:Therehavesure sector such as yachts,breakbulktechnologyhasMPP carrier?includes some of the largest been temporary shutdowns inaircraft and other outsized orevolvedandimpactedtheMorland: Investment invesselclassesintheMPP regions of China, which haveout-of-gauge units. How doessector. What have been sometonnage, or a series of new- sector and the route structure held back port efficiency andthismarketsectorfunction?ofthemorerecenttechno- builds, is a significant com- isoneofthelargest.What production efficiency to a cer- Does it have a seasonal qual- logical innovations that havemitmentfinanciallyandhasisAALsoperatingphiloso-tainextent.Overall,though,ity or cargo hot spots?beeninstrumentalinhan- inherentrisk.Westrivetophybehindthelargevessel itisnotnearlyascripplingMorland:Forthelei- dlingoftenoversizedandanalyzefuturedemandandclassesliketheA,Super-B as we have seen in the pastsure yacht market, it has beenheavy freight?westrivetoconstructshipsand W class vessels?when timelines were signifi- business as usual throughoutMorland: The industry is con- that will be relevant and effi- Morland: We recognize cantly disrupted both on themuchoftheCOVIDpan- stantly evolving, and new shipcientvesselsforourclientsthat we need to stay true to manufacturingsideaswelldemic.Yachtshavebeendesignsarekeytounlockfor the future. It is, however,our core strengths. We cannot as the logistical side, causingmovedfromEastCoasttosolutionsforindustrialcli- always a risk that the marketbe best at everything, but we severe delays to projects. WestCoastUSandbackents.NewshipdesignswillshiftsandchangeshappencanbereallygoodatsomeAJOT:Although vesseldependingonseasonality.allowthemtobuildtaller,during the lifetime of a ship,things. Our key focus remains portcongestionisgenerallyNowthattheworldisnor- wider,longer,andheavierwhichisaround20years.to dominate the Mega Size associated with container ter- malizing again, the yachts areat fabrication site and allowHavingarelevantblendofMPPsector,andourrecent minal operations, has conges- alsomovingfartherafield.forlessassemblyatdesti- ships is a way to hedge ourinvestmentinsixstate-of-tion afloat or ashore impactedThere are also quite a lot ofnation.Wehaverecentlyinterests, but there also needsthe-art vessels, purpose built operations? yacht and boat shows whereannounced our new Super tobeadialoguewiththefor our core clientele, is proof Morland: There has beenalotofvesselsaremovedBclassvessels,whichwillindustry majors to ensure thatthatweintendtoremainat impact to the breakbulk seg- aroundtobedisplayedatbe a gamechanger for manywe get our investment right,the forefront of a segment we ment as well for sure. Muchsuch events. There are a fewindustriesandallowforand also to create awarenessknow very well, and our ever-of this has to do with over- dedicatedcompaniesthatbiggermodulesandbiggerof what is possible in terms ofgrowingcustomerbasesees flowofcontainershipsandspecialize in facilitating thesedimensions. aligningmanufacturingwiththe value in.containertrafficintotradi-tionalbreakbulkterminals. Another element is that a lot of the commodities that have come out of the boxes to go asbreakbulkorbulknow comeintobreakbulkports, which causes capacity issues. For a long time already, many breakbulk terminals have not had laydown area or terminal storage space to receive any morecargo,whichcauses congestion.Wehavealso seen that cargo has not been removedfromtheportsas expediently as it should have by receivers, which does not help the situation.AJOT: In terms of wind-power, there are several off-shore wind projects in the US nowunderwayandquitea number in the early planning stages. How does the offshore wind-market look both in the near term both in the US and abroad?Similarly,whatare theprospectsforonshore wind project cargo market in North America? Morland:TheUShas setanambitioustargetof reaching 30GW by Offshore Windby2030.Currently, theoutputisbelow1GW, sogrowthwillbemassive. Thegoalisveryambitious andhasalotofregulatory, skillset,andcapacityissues that must be addressed very quickly (and well) to achieve this goal. TheUScouldlookto European countries like UK, Netherlands,Germany,and Denmarktojumpaheadon thelearningcurve,butcur-rentpolicyistoinsiston localcontentstatebystate (not country wide) which will slowdowntheprogressin my opinion. It does however seemclearthattheGreen Shift has finally come to the US and there is now funding andambitiontorealizethe massive potential there is for a more diverse energy supply forthefuture.Nowthebig challengeofcreatingagrid'