Survey: Shipping Industry Confidence Improves Slightly

Survey: Shipping Industry Confidence Improves Slightly

The average confidence level expressed by respondents in November’s Shipping Confidence Survey, conducted by accountant and shipping adviser Moore Stephens and based on 450 responses from the international shipping market, was 5.6 on a scale from 1 (low) to 10 (high), compared with the figure of 5.3 recorded in the previous survey in August, which was the lowest level in more than four years.  

The small uptick in confidence appears to be related to an increase in scrapping and the gradual improvement in the overtonnaging crisis, the company said in a written statement. Improved confidence was also reflected in a marginal increase in planned investments for 2013.