Wed, 08 Jul 2020 21:00:57 +0000

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 …

 

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