News / Moody’s confirms carrier earnings peaked this year and market seems 'stable'

Port of Montreal

Ratings agency Moody’s has changed its outlook for the global shipping industry from ‘positive’ to ‘stable’ after the industry’s income peaked this year.

In its report, Moody’s said market conditions for the industry “remain solid”, but that these conditions are unlikely to be improved on in the coming 12-18 months.

“Earnings for container and dry bulk carriers are at record levels; however, we expect earnings to fall from their 2021 peak, but remain high,” said Daniel Harlid, VP and senior analyst at ...