Moody's has renewed faith in the shipping industry

One of the world's leading rating agencies, Moody's, once again believes in the shipping sector which no longer has negative prospects. There are positive expectations to the container and dry bulk segments, shows a report from the firm. It is a whole other story for tanker carriers.

Photo: OW Bunker

Moody's has restored faith in the aggregate shipping sector, and in a new report, the ratings agency removes its negative forecast for the sector's future, where one segment in particular has been under pressure.

However, precisely the faith in the return of the bulk market to a healthy state is what has prompted Moody's to upgrade its overall rating from "negative" to "stable". And a positive development in the container industry is also part of the story.

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