The project cargo market is in the downward portion of a cycle, but the turn may be closer than many think.
“Nothing is built on stone; all is built on sand, but we must build as if the sand were stone.”
When Global Shipping Services Project Director Jim Zino got a call from a satisfied customer with the question, "Are you ready to move more helicopters?" He was ready.
The global marine terminal business is estimated to be a $63 billion industry annually and at an estimated 4% plus per annum is still out pacing worldwide GDP growth.
According to the FAO (Food and Agriculture Organization), global seafood trade is rising with historical highs in production, trade and consumption. Events such as Russia’s import ban and reduced catches in regions like South America had virtually no impact on the overall industry. But will the seafood industry look the same in the next decade?
US forest products have soared in the past five years. The main reason is China’s increased demand. But with US domestic demand increasing and China’s growth lagging, will lumber exports continue to rise?
Back in 2010, ironically about the same time as Greece agreed to the EU backed bailout program, “Get him to the Greek” was a rock (hardly Greek) comedy. But at this moment in time, German Chancellor Angela Merkel and indeed most of the leaders in the EU [especially Francois Hollande, President of France], would simply like to get past the Greeks and move on.
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