“The stable rating outlook is anchored in our expectations of (1) continued pricing discipline, resulting in prioritisation of sustaining solid profitability; (2) flawless pass-through of the increased bunker costs stemming from IMO 2020; and (3) continued focus on sustaining a strong balance sheet. If our expectations materialise, our projections point to free cash flow (FCF)/debt of 9%-11% and debt/ebitda of 3.0x-3.5x over the next 12-18 months.”
– Moody’s on Hapag-Lloyd, sourced …

The post Against the odds: Hapag-Lloyd turnaround a solid M&A proxy for CMA CGM? appeared first on The Loadstar.

Source: The Loadstar