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Survey: Shipping confidence hits three-year high
Jun 22, 2017


Survey: Shipping confidence hits three-year high

The average confidence level in the shipping industry expressed by survey respondents rose to 6.1 out of 10 for the three months ending May 31, 2017, according to UK-based accounting and advisory company Moore Stephens.
By |Thursday, June 22, 2017

Confidence in the shipping industry equaled its highest rating in the past three years for the three months ended May 31, according to UK-based accounting and advisory company Moore Stephens.

The average confidence level expressed by survey respondents was up to 6.1 out of 10 from the 5.6 recorded in the previous survey in February, Moore Stephens said Tuesday, adding that increased confidence was recorded across all main categories of the survey.

“The survey launched in 2008 on the very cusp of one of the most protracted and severe global economic downturns, with a confidence rating of 6.8. In our latest survey, the figure stands at 6.1 which, given geopolitical, economic and industry developments, must be seen as a robust rating,” Moore Stephens Shipping & Transport Partner Richard Greiner said in a statement.

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