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global container shipping industry

Moore Stephens: Confidence In Shipping Industry Has Improved

September 28, 2016 12:10 am Published by

Moore Stephens has reported that, for the second successive quarter, confidence in the shipping industry has improved. From a geographic perspective, confidence was up in Asia, from 5.2 to 5.5, and in North America from 5.0 to 5.8, with sentiment in Europe unchanged at 5.2.

According to the Moore Stephens survey respondents, overcapacity was the dominant concern in the coming year.

Scrapping is still not sufficient to cope with newbuilding deliveries and the general supply-side overhang. Every new order will prolong the crisis. If we all stay away from ordering relatively cheap tonnage today, supply and demand will soon recover.- Moore Stephens Survey Comment

With regards to investment, demand trends, competition and tonnage supply were the top three factors cited by respondents as those "likely to influence performance most significantly over the coming 12 months." Demand trends, which were up by two percentage points to 26 percent, remained in first place, with competition (down by three percentage points to 20 percent) in second. Tonnage supply, unchanged at 16 percent, occupied joint-third spot with finance costs, which were up by one percentage point.

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