The outlook for the global shipping industry has changed to stable from positive for the next 12-18 months due to demand slightly outstripping supply, Moody's Investors Service said in a report recently.
Earnings of shipping companies likely to fall from 2021 peaks: Moody’s
The outlook for the global shipping industry has changed to stable from positive for the next 12-18 months due to demand slightly outstripping supply, Moody's Investors Service said in a report recently.
Moody’s, however, is expecting earnings to still be considerably higher than pre-COVID-19 levels during the next 12 months.
Moody's outlook change is driven by tough comparisons with the very strong cash flows generated this year rather than a deteriorating business environment. Indeed, business and financial conditions will remain solid, but they are unlikely to get better than they already are today, the report said.
