Fitch: Calmer Waters Ahead for Shipping

Calmer waters are ahead for the shipping industry in Europe, the Middle East and Africa (EMEA), according to Fitch Ratings forecasts for 2015.

The stable outlook for 2015 is based on expected  rebound of sector fundamentals, however oversupply and volatility in rates are likely to persist.

Fitch Ratings forecasts in its latest report that the container shipping will remain under pressure with capacity expansion outstripping demand growth contributing to weak freight rates in 2015.

Dry-bulk shipping is expected to see moderate improvements coupled with balancing out of supply and demand in tanker shipping which will prompt a rise in tanker rates.

The LNG and offshore segments are expected to retain their sound performance in 2015, according to Fitch.

With respect to financial strategies to be adopted by shipping companies, rigorous cutting of costs can be expected in addition to continued slow steaming practice, Fitch added.

World Maritime News Staff; Image: WSC

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >