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Moody's projects profit growth of 4-5 percent in shipping

Prospects for the global shipping market look stable for the next year or so, notes credit rating institute Moody's. But it depends on where one looks.

Photo: Arkivfoto/Colourbox

For the next year or so, prospects for the global shipping market look stable, says Moody's, though the credit rating bureau also projects differences in the various segments.

For the dry bulk segment, Moody's expects that demand will exceed supply by 1 percent in 2018. While for the container market the bureau anticipates a demand that will be supported by a broad macro economic growth and trade growth, though freight rates are not expected to experience continued significant increases.

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