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Breakbulk July2016

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28 THE JOURNAL OF COMMERCE JULY 2016 SPECIAL ADVERTISING SECTION OF THE JOURNAL OF COMMERCE no shortage of container ship space. The latest round of vessel overbuilding brought a fleet of mega-ships online just as the global economy stagnated, which led to overcapacity. This dilemma has generated strong interest among container carriers in capturing breakbulk freight. Port operators remain focused on the business in front of them, though. "The container carriers will continue their attempts to attract breakbulk cargoes, but there are still going to be shippers that ship in such volume and dimension that traditional breakbulk vessels will be required. Jaxport will continue to be there to accommodate their needs. Additionally, we are seeing roll-on, roll-off carriers get more aggressive in the breakbulk space," Camp said. Elmaleh concurred. "We know that some beneficial cargo owners look to take advantage of containerization by creating semi-knockdown componentry. However, some cargo cannot be reduced to the size of the container. Additionally, sooner or later the rates offered by container carriers will right size, eliminating the cost savings offered by shipping on flat racks." Cosco is a prime example of a container ship operator moving into the breakbulk market, specifically in the large/heavy sector. "Cosco Shipping is the premier carrier to and from Asia. With our combined strength of Cosco and China Shipping, we offer more opportunities for our clients to move their breakbulk and out-of-gauge cargoes than ever before. Cosco's expertise is matched by its depth of resources, comprehensive abilities and world-class inventory of equipment on land, pierside, river and ocean," Krischke said. Looking to the future, Elmaleh said, "We are cautiously optimistic for growth, but many factors may influence the amount of cargo that will go through our gateway in the future, examples of which are forwarders, beneficial cargo owners and others shifting from their traditional use of ro-ro or lift-on, lift-off carriers to "Sooner or later the rates off ered by container carriers will right size, eliminating the cost savings off ered by shipping on fl at racks."

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