Maritime is the movement of international trade generated by freight companies. Whether moving by container ship, heavy lift vessel or tanker, maritime accounts for some 90 percent of all global trade by volume. Container shipping handles the vast majority of consumer goods — from retail products and food to autos and auto parts. Heavy lift vessels handle big equipment for projects such as refineries, infrastructure and wind energy.
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Last month, I wrote that we had to look backward before we could look ahead, and I reviewed some issues that came into play this year that likely would have an impact on 2014. I’ve had four weeks to think about 2014 and gather more data, and believe I have a relatively good view of where 2014 is going.