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.

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

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs