2014 Annual Review & Outlook - Maritime

2014 Annual Review & Outlook - Maritime

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.
From left: Bjorn Vang Jensen, Mark D. Schweitzer, Richard Smith
21 Jan 2014
Three shippers discuss what they expect in 2014.
Port of Los Angeles
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.
Port of Cartagena, Colombia
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.
Rendering of port
12 Jan 2014
The Asia-Europe container market hogged the headlines in 2013 and looks set to dominate the industry’s agenda through 2014 as a flood of mega-ships hits the water amid sluggish cargo growth that saw two consecutive flat peak seasons and economic challenges at both ends of the world’s biggest trade lane.
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.
Workers in Oakland
03 Jan 2014
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.

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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