CARGOCONNECT-AUGUST2024 - Flipbook - Page 44
SPECIAL FEATURE
PROJECT CARGO TRANSPORTATION
est Practices
for Managing
Complex
Shipments
Project cargo, also known as project
logistics or heavy-lift cargo, encompasses
the transportation of large, complex, and
high-value pieces of equipment. These include
machinery, construction materials, wind
turbines, oil rig components, and other outof-gauge cargo that cannot be transported
using standard logistics solutions. The
complexity of project cargo lies in its size,
weight, and often, the criticality of its timely
and intact delivery.
The concept of precision pursuit in
project cargo refers to the meticulous planning, coordination, and execution required
to handle these challenging shipments.
Precision is vital at every stage, from initial
planning and route surveying to packaging,
loading, transportation, and onal delivery.
The stakes are high, and the margin for error
is minimal. A single misstep can result in
costly delays, damage to valuable equipment,
and even catastrophic accidents.
The project cargo sector has seen
signiocant growth in recent years, driven
by global infrastructure development, the
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expansion of renewable energy projects,
and the increasing demand for large-scale
industrial equipment. The Project Logistics
Market size is estimated at US$436.34 billion
in 2024, and is expected to reach US$582.69
billion by 2029, growing at a Compound
Annual Growth Rate (CAGR) of 5.95 per
cent during the forecast period, i.e. 20242029. This growth is fuelled by investments
in infrastructure, energy, and industrial
projects across the globe.
However, this growth also brings challenges. The complexity of project cargo
operations has increased, with shipments
often spanning multiple countries and involving various modes of transport, including
road, rail, sea, and air. Navigating diverse
regulatory environments, managing logistics
risks, and ensuring the safe handling of
cargo are just a few of the hurdles that
logistics providers must overcome.
In line with this perspective, Jay Kumar
Patro, Head of Department3 Logistics at
Plasser (India) states,
