SHIPPING INDUSTRIES

1.- SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS.

Konig & Cie have reported that according to the latest shipping confidence survey conducted by accountancy firm Moore Stephens, overall shipping confidence levels in the industry have risen to their highest levels since November 2010. In May 2013, the average confidence level expressed by respondants was 5.9 out of a possible 10; a figure higher than even that collected earlier in Feburary. A number of respondants indicated that they felt that many positve signs exist which show that recovery is now well and truly underway. Increased enthusiasm over new investments was also reported despite persisting doubts over the availability of bank loans and finance. “The Shipping market is dynamic in nature and we are starting to see signs of exponential growth.”

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