28JUN2019 - NEWS - Global shipping outlook 'stable' as trade tensions offset higher earnings, Moody's says

Outlook on tanker segment revised to stable from negative as oversupply issues subside. The outlook for global shipping in 2020 will remain stable as expected higher earnings are offset by US-China trade tensions and increasing regulations, Moody's Investor Services said. Driving the stable outlook is a combination of 16 to 18 per cent projected growth in earnings before interest, tax, depreciation and amoritization (ebitda) next year and balanced growth in demand and supply, Moody's said in a report. These positives are offset by downside risks from protectionist trade policies and increasing regulation.