Maritime industry professionals remain confident about the year ahead despite wider uncertainty, a new Business Confidence survey by the British Ports Association reveals. However, ports themselves are more likely to be worried about the economy over the next 12 months.
Confidence in the shipping industry has fallen marginally over the past three months, largely as a result of ongoing concern over trade wars and increased regulation, according to the latest Shipping Confidence Survey from shipping adviser and accountant BDO.
Confidence in the shipping industry has risen in the last three months despite ongoing geopolitical uncertainty, according to the latest Shipping Confidence Survey by Moore Stephens/BDO. The average confidence level rose to 6.2 out of maximum score of 10.0 in Q1 2019 compared to 6.0 in Q4 2018.
According to Moore Stephens shipping confidence reduced slightly in the three months to end-November 2018. Namely, the average confidence level expressed by respondents was 6.0 out of of 10.0, in comparison to the 6.3 recorded in August 2018.
Shipping confidence decreased very slightly in the three months to end-August 2018, according to Moore Stephens’ latest Confidence Survey. The respondents expressed an average confidence level reduced to 6.3 out of a maximum possible score of 10.0.
Respondents to the annual Shipping Risk Survey by Moore Stephens rated the extent to which enterprise and business risk management is contributing to the success of their organisation at an average 5.9 out of a possible score of 10.0, compared to 6.8 in the 2017 survey.
According to Moore Stephens’ latest Confidence Survey, shipping confidence held steady from March until the end of May 2018. The average confidence level remained the same, at the four-year high of 6.4 out of 10.0 recorded in February 2018. Owners’ confidence also remained high at 6.6, while managers’ confidence increased from 6.4 to 6.7.
Shipping confidence achieved a four-year high in the three months to end-February 2018. The average confidence level expressed by respondents increased from 6.2 out of 10.0 in November 2017 to 6.4. A major new investment over the next 12 months is more possible now than at any time in almost four years, even though finance will probably be more expensive to access.
In 2017, shipping confidence continued its high rating. Oil prices reached their highest point in three years, while in the Baltic Dry Index a 50% rise was noticed in the second half of 2017, Richard Greiner said.
Moore Stephens revealed that charterers are leading the way in terms of improved confidence and appetite for new investment. There is optimism in the dry bulk trades, and evidence of continuing improved confidence in the gas sector. The Baltic Dry Index has risen by over 50% in the past six months.
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