News Analysis: Across the Oceans, the World Shipping Level Will Achieve 10 Billion Tons Of Cargo This Year; no small feat. It appears that the calculated growth of Containerized Shipping was to the point. Bulk Cargo shipping was apparently underestimated. Crude Oil Shipping diminished slightly.
American Shipping Laws are protective to the point that other Countries cannot engage in transporting U.S. Oil unless they have hulls built in America as well as other Restrictions. World Analysts in Shipping apparently never put Shale Oil Production Exports from America into their Equations; a significant oversight. American Shipping Companies benefit greatly by Congress’s Protectionism (while Politicians tout “‘Open’ International Trade”; Tu Quoque?).
The 1.4 Tons of Cargo Per Person (TCPP) is also a corresponding record in World Shipping.
The continued growth in Shipping bodes well for Investors who can extrapolate that: the ‘TCPP’ should increase due to eventual improvement in the World Economy aided with the ever-increasing population of the World; ergo, Cargo Shipping Over The World’s Seas Will Be A Growth Industry.
Reality.
Reference: http://tinyurl.com/ks9rez8