Growing Transformers Market Puts Strain on Shipping Industry, Says Wallenius Wilhelmsen Senior Manager
The growing transformers market is putting a strain on the shipping industry, exacerbating already existing port congestion and capacity demand, according to Carsten Wendt, a senior manager for high & heavy and breakbulk at Wallenius Wilhelmsen, based in Bremen.
Wendt notes that it is difficult to keep up with the latest developments due to the accelerated rhythm at which the transformers market is growing.
One of the major growth drivers is the current shift in power generation, with high investment in power transmission due to increased demand for electricity. This trend is particularly visible in the United States, where production industries are moving east, possibly due to inter-state differences in environmental regulations. The long-time under-investment in the aging grid has also led to a growing demand for new transformers. To ensure timely delivery, Wendt urges stakeholders to secure both short-term and long-term capacity.
Source: projectcargojournal.com
