Ratings agency Moody's Investors Service is warning of another Hanjin Shipping moment for shipping as it downgraded the whole industry for the first time in three years.
Economic disruption caused by the coronavirus has led the agency to change its outlook to "negative" from "stable".
In its latest report, analysts led by vice president Maria Maslovsky said shipowners' net earnings could fall between 6% and 10% in 2020 across the board.
