Survey: Increase in shipping confidence suggests industry is on the upswing

supplychaindive | June 23, 2017

Survey: Increase in shipping confidence suggests industry is on the upswing
Moore-Stephens, a UK based accounting and advisory committee ranked shipping industry confidence at 6.1 out of 10 in a new survey in late May, from a previous high of 5.6 in February, American Shipper reported Wednesday. The number of survey respondents expecting higher rates within the next year rose from 31% to 46%. Formerly, 18% expected lower containership rates; but that number has sunk to 12%.The eagerness with which the shipping industry sought to declare itself healthy was evident this spring, when Maersk CFO Jakob Stausholm told the Wall Street Journal that the worst of the downturn had passed.  As heavy scrapping and decreased port calls among the new alliances were now in place, those within the industry were clearly hopeful.

Spotlight

By Han Nabben – World exports as a percentage of global GDP showed a continuous growth trend from the mid-eighties of the last century, until 2008. Since then the growth stopped. Another indicator for trade, global capital flows between countries, achieved its highest point already seven years ago. But times are changing. Growth will still be there, if you know where to find it.


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SUPPLY CHAIN

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Spotlight

By Han Nabben – World exports as a percentage of global GDP showed a continuous growth trend from the mid-eighties of the last century, until 2008. Since then the growth stopped. Another indicator for trade, global capital flows between countries, achieved its highest point already seven years ago. But times are changing. Growth will still be there, if you know where to find it.

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