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Container carriers have taken Moody's by surprise

Container carriers such as Maersk, Hapag-Lloyd and CMA CGM have managed and operated their fleets in a way which makes Moody's reconsider its rather pessimistic view of the sector in light of the coronavirus, the credit rating bureau tells ShippingWatch.

Photo: PR / Dietmar Hapenpusch / Port of Hamburg Marketing Association

Although huge container carriers such as Maersk, CMA CGM and Hapag-Lloyd find themselves in what will probably turn out to be the most challenging quarter during 2020, they have shown that they, so far, have been able to respond to the abruptly decreasing market.

At any rate, they have been able to balance supply to demand so convincingly this year, that credit agency Moody's is inclined to reconsider its view of the sector this year.

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