2014 Annual Review & Outlook - Maritime

2014 Annual Review & Outlook - Maritime

Special Coverage

Workers in Oakland
West Coast employers in 2014 are bracing for what could be the most frustrating contract negotiations they’ve had with the powerful International Longshore and Warehouse Union in decades.

News & Analysis

Steel pipe
22 Jan 2014
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.
09 Jan 2014
Shipping lines could find the intra-Asia trades an unhappy hunting ground in 2014 after a similarly tough 2013. But the long-term outlook remains positive.
Efficiency gauge
07 Jan 2014
New bridges, marine terminals and channel deepening get the headlines, but the key to ports’ success may lie in more mundane details such as better information flow and reduced delays for trucks.

Commentary

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.

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