Fitch Ratings has upgraded its outlook for the global shipping industry to “stable” from “deteriorating.” While geopolitical tensions have boosted shipping demand in the short term, a potential easing of these conflicts could lead to a normalization of freight rates.
Global shipping outlook is stable
Tankers and dry bulk carriers are expected to maintain stability, potentially outperforming tankers. However, container shipping faces the risk of oversupply in 2025 due to new vessel deliveries.
Trade policy changes and increasing environmental regulations are significant long-term risks for the industry. While the industry may benefit from short-term spikes in demand, it must adapt to a more challenging environment in the coming years.
Increasing visibility on emissions regulations continues to pose medium- to long-term risk through higher compliance costs and requiring investment in both operating assets and supporting infrastructure.
‘Global Shipping Outlook 2025’ can be found here.
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Source: Fitch Ratings
