Freight Rates And The Global Economy

Over 90% of global trade travels by ship, making the international freight market a key part of the global economy. Since 2009, the cost of shipping goods by sea has been highly volatile, and now rates look set to fall again, dealing another blow to this crucial industry. This week’s BMI podcast features Michelle Berman, the head of BMI’s shipping and freight research service, and will discuss the impact of volatile freight rates on the global economy.