A major ratings firm is improving its outlook for global container shipping — but the improvement has less to do with boxes than it does with other commodities.
Fitch Ratings over the weekend changed its outlook for global container shipping to “stable” from “deteriorating,” as a downward trajectory is partly offset by stable to improving performance in subsectors including tankers and bulk shipping.
“Shipping remains one of the most exposed sectors to geopolitical conflicts due to several choke...