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Moody's: Two tough years ahead for container carriers

ShippingWatch has asked Moody's Maersk expert Maria Maslovsky to elaborate on whether the concerns about Maersk represent concerns about the entire container industry. And on why the ratings bureau is not convinced by Maersk's repeated reference to its robustness.

Photo: /ritzau/Christian Charisius

"As we wrote in our Q3 report, and as we have said many times before, we remain dedicated to maintaining our investment grade rating. We will continue to focus on our capital discipline, and we are working actively to improve our cash flow and to reduce our net debt, as we also wrote in our Q3 report 2018."

One almost senses a certain weariness in the response from Maersk. As the company writes, it has by now repeatedly said that it does not wish to find itself in a situation in which its current credit rating drops to a critical level. This is especially a matter of how big the debt is, and the debt – repeats Maersk – will be reduced.

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