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Earnings of shipping companies likely to fall from 2021 peaks: Moody’s
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.

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.