New Loadstar LongRead: a tough time for project cargo sector

The project sector has faced a harsh environment in the past few years. Low oil prices have made it uneconomic to launch new energy projects, resulting in a thinning out of the project cargo industry.

But recent oil price rises have put more projects back on the map, and the industry is gearing up again. Some new projects are giant – the offshore Libra field in Brazil is expected to cost up to $90bn, but needs oil to trade at $55 ...