Translate:
China Japan Russia Spain
Home Icon > About Us > News > Moody’s: Global shipping earnings forecast cut as supply set to outstrip demand

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

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 bumpy. We think that supply ...

WP_Post Object ( [ID] => 227027 [post_author] => 78 [post_date] => 2020-07-08 21:00:57 [post_date_gmt] => 2020-07-08 21:00:57 [post_content] => 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 bumpy. We think that supply ... [post_title] => Moody’s: Global shipping earnings forecast cut as supply set to outstrip demand [post_excerpt] => 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 shrin... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => moodys-global-shipping-earnings-forecast-cut-as-supply-set-to-outstrip-demand [to_ping] => [pinged] => [post_modified] => 2020-07-08 21:00:57 [post_modified_gmt] => 2020-07-08 21:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=825054 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )