Moody's: Shipping benefits from low oil price

Major US rating bureau Moody's has lowered its oil price forecast for the next three years and highlights industries set to benefit from the cheap oil. These include the shipping industry.

Photo: Ultragas

While the energy sector is currently bleeding due to the extremely low oil price, the cheap oil benefits several industrial sectors, according to rating bureau Moody's.

Moody's has lowered its oil price estimates for this year and 2016 and 2017, to USD 55, USD 65 and USD 80, respectively.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs