ShippingWatch

Shipping business confidence hits rock bottom

The considerable overcapacity of ships in almost all sectors and the continuing uncertainty about the development in the world economy are providing the managers in the shipping industry with serious considerations according to an international survey.

Photo: SHELL

The August business confidence in the shipping industry was at the lowest level for four years following a period of time with signs of increasing optimism for the three preceding quarters according to an international survey called Shipping Confidence Survey, carried out by the international accounting and counselling company Moore Stephens.

The considerable overcapacity of ships in almost all sectors and the continuing uncertainty about the development in the world economy are providing the managers in the shipping industry with serious considerations. Even in Asia, the mood is falling.

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