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Shipping industry at start of 2-year rally: Morgan Stanley

It's led by advancing rates to haul coal, iron ore, grains
Monday, December 16, 2013 - 06:00

[LONDON] Shipping is at the start of a two-year rally, led by advancing rates to haul coal, iron ore and grains, as fleet growth slows and China's strengthening economy boosts cargoes, Morgan Stanley said. Demand for ships will expand at a faster pace than vessels in 2014, the first time in six