Fitch Ratings’ report warns of potential demand slowdown in 2020

Slowing global economic growth, ongoing trade tensions and geopolitical threats could lead to subdued demand for global shipping in 2020, a report by Fitch Ratings has revealed.

According to the agency, while the shipping sector has witnessed substantial capacity growth in recent years, which helped improve the demand-supply balance, a longer record of responsive capacity management will be required to make the sector more resilient in the future.

Commenting on the findings of the report, Fitch senior director Angelina Valavina said: “Demand-side risks remain skewed to…

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