ShippingWatch

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.

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

Further reading

Related articles

Latest news

See all jobs