2020 one of decade’s best years for container shipping: Moody’s

In upgrading its outlook for the container shipping industry from negative to stable, Moody’s Investors Service on Wednesday said 2020 will be one of the strongest years for container lines since 2010. 

“With supply and demand likely to be in balance given the very limited order book for new vessels, we expect a stable operating environment in 2021,” Moody’s stated. “Even if the global economic recovery takes longer to materialize, given the rising infections in Europe and the US, carriers’ capacity management should continue to keep freight rates broadly stable.”

Citing carriers’ capacity discipline, lower bunker fuel prices, and rising rates….

https://www.joc.com/maritime-news/container-lines/2020-one-decade%E2%80%99s-best-years-container-shipping-moody%E2%80%99s_20201112.html

Guido Secco
Author: Guido Secco

Bachelor of Business Administration with a Postgraduate Degree in Marketing & Finance in Florida Southern in the USA, Post Degree in Supply Chain Management. 18+ years of professional experience in the areas of Supply Chain, Foreign Trade and International Business. Professional in Management / Projects in Logistics and Supply Chain. MBA courses in Design Thinking, Harvard method of Negotiation, Social Media Marketing, Digital Transformation and Masterclass IEP by the European Institute of Posgrado.

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