Report title: Asia-Pacific Shipping Sector
from Moody's Global Credit Research
7 page (3422 word) report published Nov 17, 2008

Price $550.00 available for immediate download
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About Moody's Global Credit Research

...Moody s has a negative outlook for Asia Pacific s shipping industry, driven by continued excess vessel supply, weaker demand for commodities, and volatile prices for bunker fuel, all against the backdrop of a global economic slowdown. The negative outlook expresses Moody s expectations for the fundamental credit conditions of the industry s rated companies over the next 12-18 months. The negative outlook applies to all three sectors: dry bulk, tankers and liners. The excess of supply in vessels has worsened as growth in commodities demand has slowed, in line with the global economic downturn, the freezing in credit, lower consumption in the US and Europe, and volatility in currency and other financial markets. An easing in demand for oil is another factor. Moody s believes that such a situation will last for an extended period and, as a result, has changed the outlook of the three sectors in the shipping industry dry bulk, tankers and liners -- to negative from stable....

Report Type: Industry Outlook
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