...Sector Outlook Now Stable: Fitch Ratings has revised the EMEA shipping sector outlook to stable for 2015 from negative for 2014 due to the expected modest improvement in sector fundamentals, albeit against a backdrop of persistent oversupply and volatility in rates. We anticipate the performance will vary across the segments with tanker, and to a lesser extent dry-bulk shipping demonstrating moderate improvement, the LNG and offshore segments retaining sound performance, and container shipping remaining under pressure. The Rating Outlooks for the rated EMEA shipping portfolio are now Stable, though mostly at lower rating levels following the downgrades of the last two years. Overcapacity to Persist: We anticipate that overcapacity will remain the key factor underlying the shipping sector's weakness in 2015, although to a varying degree depending on the segment. We expect weak supply/demand fundamentals in container shipping in 2015 as capacity growth rates are likely to continue to outstrip...
