Fitch Rating

Global Container Rates To Fare Well Following Profitable 2020

Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says.

Surging spot freight rates

Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, we consider the current rates unsustainable in the medium term, as the sector is susceptible to rate volatility and risks of weak economic recovery and trade protectionism, requiring constant prudent capacity management.

A combination of...

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Panama Canal Gets Fitch Rating ‘A’ for the 4th Consecutive Year

Fitch Ratings for the fourth consecutive year, has affirmed the Panama Canal’s ‘A’ investment grade rating with a stable outlook for its long-term issuer default rating and its senior unsecured notes, says a press release published in Canal De Panama website.

Key player in global trade 

The credit rating agency noted that the Panama Canal is “an underlying asset that is critical not only for Panama, but for international commerce, as demonstrated by its stable volume performance, solid...

http://mfame.guru/panama-canal-gets-fitch-rating-a-for-the-4th-consecutive-year/