Confidence in the shipping industry has dropped and is now at its lowest level in two and a half years, according to calculations performed by analyst agency Moore Stephens, reports Tanker Operator.
There are several reasons that trust is no longer at the same level as it was in 2012. First of all, the respondents in the survey are worried about overcapacity in the market, but the effect from lower oil prices as well as the growth of new types of funding in the industry are also hurting the confidence.
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