Ship Industry Seen by Morgan Stanley at Start of Two-Year Rally
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 today. He upgraded estimates for the industry to “in-line” from “cautious,” and said demand for ships to haul everything from iron ore to grains will benefit most. Read more →
