ShippingWatch

Survey: Growing confidence within the shipping industry

Confidence among shipowners is growing and expectations toward future investments are gaining strength. “Encouraging”, writes the analyst firm Moore Stephens in its latest survey of the developments in shipping.

Shipowners’ spirits have been raised somewhat. Their faith in the future and their investment propensities have also been strengthened, estimates Moore Stephens in a new survey of the shipping industry.  

“This increased willingness to invest is due in part to what many see as the first signs of a correction in the industry’s tonnage overcapacity problems. Scrapping activity has increased, although there is simply not enough demolition capacity in the world for this to be a solution on its own. Some sanity, born of hard experience, has returned to the newbuilding sector following the pell-mell pursuit of new tonnage which characterised shipping’s salad days, which now seem so distant,” writes Richard Greiner, partner with Shipping Industry Group at Moore Stephens, in the analysis.  

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