Moody's lowers Maersk's and Hapag-Lloyd's outlook after corona crisis

The rapidly extending corona crisis and its impact on the global container industry has prompted rating bureau Moody's to lower A.P. Moeller-Maersk's and Hapag-Lloyd's outlook from "stable" to "negative".


Moody's has decided to lower A.P. Moeller-Maersk's and Hapag-Lloyd's outlook from "stable" to "negative" as a consequence of the rapid and widening spread of the coronavirus outbreak.

The rating bureau maintains the credit rating of the debts of the two European carriers, however, now with a more pessimistic view than only few weeks ago.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Oil service firm loses nearly USD 60 million in three months

Norway's PGS still suffers under the Covid-19-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than in Q3 2020, however, when PGS lost more than a quarter billion dollars.

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Further reading

Related articles

Trial banner

Latest news

See all jobs