Shipping confidence increases again

Overall confidence levels in the shipping industry have shown a further rise over the past three months, reaching their highest level since May 2008. According to the latest Shipping Confidence survey by Moore Stephens, owners, managers, charterers and brokers all feel more confident about the shipping markets in which they operate, and more optimistic about making a major investment over the coming year. The number of respondents expecting finance costs to rise over the next twelve months, having peaked at their highest levels for fifteen months in the previous survey, was down across all categories of respondent. Charterers, meanwhile, were alone in thinking that rates in the tanker and dry bulk trades were likely to fall over the next twelve months.
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Source: Maritime Sun News