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BRIEF-Fitch Says global shipping sector outlook remains negative
December 5, 2017 / 12:46 PM / 8 days ago

BRIEF-Fitch Says global shipping sector outlook remains negative

Dec 5 (Reuters) -

* FITCH SAYS GLOBAL SHIPPING SECTOR OUTLOOK REMAINS NEGATIVE, DO NOT EXPECT IMPROVEMENT IN MARKET FUNDAMENTALS IN 2018 DUE TO LINGERING OVERCAPACITY

* FITCH, ON SHIPPING RECOVERY, SAYS BOTH CONTAINER AND BULK SHOW SIGNS OF A REVIVAL, BUT LONGEVITY OF THIS TREND REMAINS UNCERTAIN

* FITCH SAYS EXPECT DEMAND FOR TANKERS TO GROW AROUND 4% IN 2018, HELPED BY RISING GLOBAL OIL CONSUMPTION, HIGHER U.S. EXPORTS, DECLINING OIL INVENTORIES

* FITCH SAYS CHINA TO REMAIN KEY DRIVER FOR DRY BULK COMMODITIES IMPORTS AND TRADE, AND SECTOR IS THEREFORE PARTICULARLY SENSITIVE TO CHINESE GDP GROWTH Source text for Eikon:

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