Tag: Red Sea Disruptions Benefit Shipping Companies Near-Term Profitability: Fitch Ratings

Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. We do not expect structural shifts in the shipping sector as a result of these disruptions. Nearly half of all cargo ships and tankers have […]