Moody’s: Global shipping earnings forecast cut as supply set to outstrip demand

Capt. John

EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020, widening from our previous projection of a drop of around 6%-10%. We expect the global economy to shrink in 2020 and its recovery to be long and...

https://www.hellenicshippingnews.com/moodys-global-shipping-earnings-forecast-cut-as-supply-set-to-outstrip-demand/

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