Signs of Trans-Atlantic Trade Growth Buoy Shippers, Carriers

The centuries-old trade between North Europe and the U.S. is all but stagnant, especially on the eastbound leg of the trade. U.S. imports from Europe are recovering, while exports must await economic revival of Europe, which seems trapped in its own dedication to austerity. All eyes are on 2014, when signs of improvement in recession-bound southern Europe may augur for an economic turnaround, albeit a weak one.