FITCH Ratings has upgraded its outlook for global shipping from 'deteriorating' to 'stable' in 2025, citing improved performance in tankers and bulk shipping despite a continued downturn in container shipping.

Supply chain pressures and geopolitical risks remain key factors for the industry. 'We forecast tankers and dry bulk to remain stable, with the former most likely to perform well,' Fitch Ratings said. 'Container shipping is on track to reach an oversupply situation in 2025 with new vessel deliveries, likely further reducing freight rates.'