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Moody's: Outlook on global shipping sector turns negative

from Cargo Business News

Moody's Investors Service changed its outlook on the global shipping sector to negative, noting it expects supply growth to outpace demand growth in 2016 by more than 2 percent, suppressing freight rates, especially in the containership and dry bulk sectors. The outlook for tankers remains stable as low crude oil prices will continue to boost demand for tankers according to Moody's report, "Outlook Update: Shipping — Global: Weakness in Dry Bulk, Container Segments Drives Outlook Change to Negative." more

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