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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

Published Sun, Dec 15, 2013 · 10:00 PM
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[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 years that will have happened, New York-based analyst Fotis Giannakoulis said in an e-mailed report on Friday. He upgraded estimates for the industry to "in-line" from "cautious…

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