Just a few crumbs of comfort

S&P warns shipping firms and ports may face tough conditions this year due to current uncertainty in global trade

AS usual this time of the year, forecasters have been busy recently. To nobody's great surprise, there is a lot of bad news and just a few crumbs of comfort for some sectors of the dry bulk trades. It is relatively comforting that Standard & Poor's Ratings Services (S&P) says most shipping companies should weather the storm. But negative outlooks on 25 per cent of S&P's rated shipping portfolio indicate possible rating downgrades this year.

The ratings agency says in a newly published 2016 outlook...

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