Moody's Investor Service has issued a 2022 outlook for shipping that it described as "stable", but the credit rating agency painted a strong picture for the industry heading into the new year.

That strength, though, might not eclipse the highs seen in 2021.

US-based Moody's said next year's earnings will be "considerably higher than pre-Covid-19 levels" with the container and dry bulk sectors remaining strong, but no longer setting records.