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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs