Houthis claim Red Sea safe for box ships not calling at port of Haifa
Spokespersons for the Yemeni-based Houthi militia have told The Loadstar they will no longer target ...
“The stable rating outlook is anchored in our expectations of (1) continued pricing discipline, resulting in prioritisation of sustaining solid profitability; (2) flawless pass-through of the increased bunker costs stemming from IMO 2020; and (3) continued focus on sustaining a strong balance sheet. If our expectations materialise, our projections point to free cash flow (FCF)/debt of 9%-11% and debt/ebitda of 3.0x-3.5x over the next 12-18 months.”
– Moody’s on Hapag-Lloyd, sourced from “Update to credit analysis” dated 26 February 2020.
A note ...
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