Moody’s believes Swedish owner Stena AB is set to reap the benefits of turmoil at UK rival P&O Ferries.

P&O halted all services on Thursday as it made its 800 seafarers redundant.

One service from Liverpool has resumed, but others are still suspended as cheaper agency crews are moved on board.

“The suspension is credit positive for Stena AB, which will benefit by picking up freight and passenger traffic from P&O,” said Moody’s.