ShippingWatch

Confidence in shipping drops to seven-year low

The general confidence in the shipping industry has hit a seven-year low, according to analyst agency Moore Stephens. The entry of equity funds into shipping is one of the explanations.

The total level of confidence in the shipping industry has hit a seven-year low in the three months leading up to May 2015, writes Moore Stephens in a new analysis.

The analyst agency notes that the general degree of confidence among players in the shipping industry in May fell to 5.3 points on a scale form 1 to 10, where 1 represents an absolute low. In February 2015, the confidence was at 5.5 points. This is the lowest level since 2008, where Moore Stephens launched its coverage of the carriers' confidence in each other and in the market.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs