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.

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