cheap air maxcheap air max 95 cheap air max 95cheap nike air max
Welcome to Brilliant Global Logistics Group
cheap air maxcheap air max 95 cheap air max 95cheap nike air max
User ID



Carriers’ insolvency risk comes under the spotlight
American Shipper
Post Date

The deteriorating global economic outlook, which pushed container shipping lines to withdraw an unprecedented amount of capacity in April and May, will hurt carriers’ operating cashflows and further weaken their fragile balance sheets.
According to Alphaliner’s survey of the main carriers’ Altman Z-Scores as at the of 2019, seven out of the eleven carriers have Z-Scores of less than 1.3, indicating a ‘very high’ likelihood of potential insolvency. The other four carriers (Hapag-Lloyd, Maersk, OOIL and Wan Hai) had healthier Z-Scores of 1.72 to 1.92 points, but could also come under pressure if the demand contraction is stretched over a prolonged period.
Carriers with elevated leverage ratios are especially vulnerable, in particular those with high levels of short term debt that are due this year. Of the eleven carriers surveyed, six have negative working capital (current liabilities exceeding current assets) - including CMA CGM, Hapag-Lloyd, HMM, PIL, Yang Ming and Zim. Carriers with poor track records of negative earnings are also particularly at risk, with three carriers’ Z-scores lowered due to their negative retained earnings (HMM, Yang Ming and Zim).
Since the of March, credit rating agency Moody’s has changed the credit outlook for several carriers from ‘s’ to ‘negative’ (Hapag-Lloyd, Maersk, MOL and NYK) and placed CMA CGM’s credit ratings under review for potential downgrades. Moody’s highlighted the high depency that container carriers have on world trade, as well as industrial and consumer demand which would all be negatively impacted by the lockdowns and quarantine measures being implemented around the world.

Post Date
Input Sought on “Made in USA” Labeling Rule.. American Shipper 07/06/2020
Export Restrictions Imposed on Hong Kong as Chinese S.. American Shipper 07/06/2020
AD/CV News: Fertilizers, Lawn Groomers, Mechanical Tu.. American Shipper 07/06/2020
Transpacific capacity is nearing preCOVID-19 levels .. American Shipper 07/06/2020
SBA to release data on who got federal PPP loans .. American Shipper 07/02/2020
Newark is a hub for logistics – and logistics startup.. American Shipper 07/02/2020
Is Amazon on the hunt? Analyzing rumored Macy’s, J.C... American Shipper 07/02/2020
AD/CV: Aluminum Foil, Garment Hangers, OCTG, Pipe/Tub.. American Shipper 07/02/2020
More China List 2, All Current China List 4A Tariff E.. American Shipper 06/25/2020
Its Time to Double Down on Starbucks Stock.. American Shipper 06/24/2020
Page : 1   2   3   4   5        [Next 5 Page]  Last Page : 152 ( 1 of 152  Total Pages )




cheap air max 97cheap air max 90 cheap nike air maxcheap air max
Brilliant Group Logistics INC.
159 N. Central Ave. Valley stream, NY 11580
Tel : (516) 599-2406 Fax : (516) 599-0528