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Moore Stephens: Increasing confidence in shipping

The shipping industry is becoming increasingly confident that things are moving in the right direction. The most recent survey among executives in the shipping sector shows that confidence has now reached the highest level in three years, according to a survey by Moore Stephens.

Photo: Hyundai Merchant Marine

Leading industry figures seem to be increasingly confident that the economy is moving in the right direction. A survey performed by British consultants Moore Stephens shows that faith in the future has reached the highest level in three years, according to a brief from Moore Stephens.

In the last three months ahead of August this year, the average confidence level was 5.9 on a scale from 1 to 10, the exact same figure as in the previous quarterly survey. One has to go all the way back to the November 2010 survey to find a higher level of optimism in the business, when the average confidence level reached 6.0.

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