Sustaining last year’s improved profitability in 2018 may prove challenging for container shipping companies, Fitch Ratings says.
The fact that some companies are likely to have remained loss-making in 2017 highlights the ongoing weakness in sector fundamentals due to persistent overcapacity, which may undermine a longer-lasting recovery, the rating agency explained.
2017 resulted in stronger financial performance across the board as freight rates supported better financial outturns even as operating costs increased due to higher fuel prices.
