An oversupply of vessels and continued pressure on freight rates prompts Moody's to cut its...

|By:, SA News Editor

An oversupply of vessels and continued pressure on freight rates prompts Moody's to cut its outlook on global shipping to negative. Dry bulk shippers with heavy exposure to the spot market are likely to be the hardest hit. DRYS -0.8%, EGLE -1.2%, SEA -1.5%