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Breakbulk March 2023

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Contents Breakbulk & Project Cargo A special supplement of Journal of Commerce March 2023 March 2023 | The Journal of Commerce 3 www.joc.com SPECIAL REPORTS 10 ISPM 15 Incremental progress A proactive approach to ISPM 15 is advancing despite setbacks 14 Additional stories Waiting for the wind Heavy-deck demand is faltering, but the long-term outlook remains strong A higher floor Multipurpose vessel rates may have hit their post-COVID bottom, according to Toepfer Transport 'Structural overcapacity' Excess container ships could undermine an otherwise healthy breakbulk outlook Early revival US flatbed trucking activity is seeing a regional rebound Breaking with convention EPCs are looking beyond traditional oil and gas cargoes for growth opportunities COLUMNS 4 Placing bets By Janet Nodar 22 Defining breakbulk By Susan Oatway 6 Cover Story 'A total disconnect' Shipping executives say a new emissions rule from the International Maritime Organization is at odds with practical realities

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