Imbalances that drove freight rates to record lows will continue to widen in 2016 and rebalance by 2018, but recovery will see volatile episodes ahead as world economy adjusts to new growth models
SINGAPORE--(BUSINESS WIRE)--Shipping rates for vessels transporting commodities such as coal, iron ore and grains racked up impressive gains in the first quarter of 2016 after hitting record lows, but the rally could flatten out into the second half as the macroeconomic outlook remains uncertain, the latest forecasts show from IHS Inc. (NYSE: IHS), the leading global source of critical information and insight.
IHS Inc.
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