b'10American Journal ofTransportation ajot.com(BULLISHcontinued frombined 100 ton lift capacity is page 4) starting to show its age. Less quite favorable.Gone are thethan5%ofthecurrentfleet hugevolumesofcontainersis from 0-5 years of age. For that MPV operators lifted overvessels exceeding 20 years of the last few years. They haveage the number is almost 17 madetherewaybacktothe%. This disparity points to the containers vessels for the mostlackoffleetreplenishment part and container rates haveover the past decade. Once a returned back to more normalvesselsurpasses20yearsof levelshistoricallyspeaking.serviceitbasicallybecomes Inevitably,withlowerratesunemployablebymostproj-there will be some poachingect forwarders, shippers, and bycontainershipandro/roEPCs. It is expected that the operationsbut this is reallycurrent capacity shortfall will just the low hanging fruit ascontinuefortheforeseeable rigid schedules, and a lack offuture and that project cargo operational flexibility (in thefreightwillnotexperience caseofcontainerships)pre- the same drop that containers cludesanyrealmarketpen- have experienced.etration. The biggest obstacleFocusingourattentionongrid.Globalpowerdemandandenergycompanieshavenew replacement equipment.movingforwardiscapacitythe US project market we find ais only forecast to grow in thecontributed to these new sci- Finally,theJournalof utilization as the industry willmarket that is surging. A recentnext couple of decades, so itentific discoveries on how toCommerce recently held their be receiving massive numberspollofmajorprojectfreightwillrequiremultipleenergyconvert CO2 into a clean andannual Breakbulk Conference ofnewbuildsoverthenextforwardersfoundaconsensussourceswithLNG,hydro- marketable product. in New Orleans.Attendance few years. opinion that business is clickinggenandnuclearmakingupIts also important not towasinexcessof800regis-The same cannot be saidon all cylinders. a high percentage of the totaloverlooktheimpactthatthetrants to hear global industry about the MPV sector as lackWindseemstoremainresources required to fuel theminingindustryhasintheleadersdiscussthecurrent ofvesselcapacityvs.cargoat the forefront due to globalworld. As such a wide rangeprojectandheavy-liftseg- healthoftheBreakbulkand demandremainchalleng- greeninitiatives.TheNorthof energy projects could popment.ThecarbonneutralProjectsector.Whatwas ing. The global fleet over theAmericancontinentisliter- up in the near future. worldwearenowpursuingunique about this conference past decade has experiencedallysurroundedbyongoingNew oil and gas projectswill require massive amountswashowmanypresentation a lack of external investmentandplannedwindprojectsarealsostartingtoheatup.ofmetalsandmineralstosegments contained the words and insufficient internal capi- for both onshore and landsideThis is not just about explo- achieve a net zero world. Inenergysecurity,vesselemis-tal which has stymied growthinstallation. It remains inter- ration. Many projects on theaddition to the actual extrac- sions, low carbon, no carbon, andfleetrenewal.Mostestingthatwindpowerwasbooks have to do with conver- tion of materials we are alsonew ship designs, sustainabil-MPVandHeavy-liftopera- once considered to be our sal- sion and upgrades of existingseeing the beginning of effortsity,decarbonization,hydro-torsareexpectedtoremainvationtowardacleanerandplants. New breakthroughs intowardtheelectrificationgen, AI, the list went on.stagnantinrespecttoover- healthierplanet.However,carbon capture technology areofminingtrucksandotherLike it or not the world all fleet growth over the nextquestionsstillremainabouthelping industry to become aequipment. We are at the veryis changing, and the train has few years. The current MPVtheactualcontributionwindbetter steward for our future.earlystagesofacompletealreadyleftthestation,so fleet for vessels with a com- makestotheoverallpowerMany of the worlds major oiltransformationandneedforenjoy the ride! LIBERTY GLOBAL LOGISTICS LLCThe solution to your cargo needs!(516) 488-8800LibertyGL.com1979 Marcus Ave # 200, New Hyde Park, NY 11042'