Report Published: "United States Shipping Report Q4 2013"
BMI maintains its cautiously positive view on the US shipping sector. We forecast contractions in throughput at both the port of Los Angeles and the Port of New York/New Jersey. We have revised down our 2013 US real GDP growth forecast from 2.1% to 1.8%, which is mostly attributable to base effects from poor data readings in Q412 and Q113.
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