You are here

STRAIT TALK

Another tough year ahead for the shipping industry

Overall confidence levels fall in Sept-Nov; they're up in Asia but down in Europe, North America

BT_20151230_STRAIT30_2042426.jpg
Freight rates are set to "decline from current highs in 2016 as the trade in crude oil is forecast to decline due to ample stocking, and the fleet is expected to expand briskly".

IT will come as little surprise that, according to the latest Shipping Confidence Survey from international accounting and shipping adviser Moore Stephens, overall confidence levels in the shipping industry fell in the three months to November 2015.

The firm says the average confidence