ShippingWatch

Rating bureau losing faith in the shipping industry

One of the world's three major rating bureaus, Fitch, has revised its global shipping prospects for 2016 to negative from stable in 2015. Container capacity represents one of the key problems.

Photo: Gøteborg Havn

Rating bureau Fitch has revised its global prospects for shipping in 2016 to negative from stable in 2015, according to a statement on the bureau's website.

The reason for this is that Fitch expects a subdued global trade together with the fact that the slowdown in new markets has intensified, and this will lead to declining and volatile freight rates.

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