The market for breakbulk and heavy-lift ocean cargo is emerging from the doldrums it experienced last year. Although a backlog of global industrial projects carried the heavy-lift sector through 2012 and construction of new pipelines and wind farms in the U.S. filled inbound multipurpose breakbulk vessels that year, demand largely dried up in 2013. But the picture is brightening, and the market is positioned for a significant recovery in 2014 and 2015.
2014 Annual Review & Outlook - Maritime
21 Jan 2014
Three shippers discuss what they expect in 2014.
17 Jan 2014
U.S. containerized imports are projected to increase 6 percent in 2014, up from 3.5 percent growth in 2013, according to Journal of Commerce economist Mario Moreno.
15 Jan 2014
U.S. trade with Latin America is poised to expand in the coming years, which highlights the need to accelerate port and infrastructure development in the region.
14 Jan 2014
If trans-Pacific container lines put their outlook to music, they might want to borrow from Led Zeppelin’s “The Song Remains the Same.” This year, after all, is shaping up very much like 2013, when modest growth in demand combined with faster growth in capacity to hammer rates and force carriers to chase regular — and short-lived — rate increases from spring through fall.
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Growth in U.S. containerized imports will accelerate this year thanks to an improving labor and auto market, a resilient manufacturing sector and expected gains in the value of the U.S. dollar as the Federal Reserve begins to taper its massive quantitative monetary stimulus. This acceleration hinges upon the major assumption that another debt-ceiling crisis will be avoided.