World trade up 0.8% in October after 5.4% rise in September – - 13.2% below April 2008 peak; 26-mile-long line of idled oil tankers may signal freight rates slump

World trade rose by 0.8% month on month in October, after a strong 5.4% increase in September, but it was still 13.2% below its peak of April 2008. Meanwhile, Bloomberg says a 26-mile-long line of idled oil tankers, enough to blockade the English Channel, may signal a 25% slump in freight rates next year.

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