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The article offers information on the maritime sector of the world. It discusses the impact of increased demand for dry-bulk tonnage on the maritime market. It also discusses the markets for several other shipping equipments and industries including tanker, liner, and cruise. It mentions various governmental initiatives for developing the shipping industry.

The article focuses on the global shipping industry in the year 2008. Every shipping market was affected by the economic slowdown in the world. Many famous shipping companies announced cutbacks and some of them discontinued their operations. The tanker industry maintained good profitability almost until the end of the year.

The article presents information on the performance of the U.S. shipping industry in 2007. Various markets included in the article are dry bulk market, tanker market, liner market, cruise market, and the U.S. Merchant Marine. Other issues discussed here include rejuvenation of the U.S. Maritime Administration, the Jones Act Scenario and Cabotage issues, environmental issues, and the Golden Nori.