Moody's cuts earnings forecast for shipping

The dry bulk sector and overcapacity in the container industry weigh down in rating bureau Moody's new projections for the shipping industry. High risk of the situation worsening.

Photo: Rotterdam Havn

Rating bureau Moody's lowers its earnings forecast for the shipping industry in the coming 12-18 months across the board.

Moody's describes the situation as stable, but the bureau lowers its projections to single-digit growth rates in the low end for the operating profits (EBITDA) from the rated companies.

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