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Moody's sees no improvements for the container market in 2016

Low growth in global trade and too many ships on the water prompts ratings bureau Moody's to project problems for container carriers across the remainder of 2016. The bureau notes the weak results from Maersk Line and Hapag-Lloyd.

Photo: Modelfoto/Colourbox

There are no improvements in sight for the hard-squeezed container carriers this year, projects ratings bureau Moody's.

There continues to be far too many vessels on the water at a time when a weak global economy has left trade moving at a snail's pace.

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