"Entering our third century of continuous operation, the mission remains unchanged: to maintain and develop skill in seamanship, to effect a change in maritime law towards the development of the American Merchant Marine, to assist the seamen of other countries towards the establishment of the Brotherhood of the Sea."

Global shipping faces upheaval

World-wide container volumes are on track for zero growth this year, which would mark the sector’s worst performance since the 2009 economic crisis and a likely catalyst for further bankruptcies and possible shipping-industry consolidation.