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Slivers of light shine through shipping gloom

Moore Stephens partner notes that confidence is at its highest level in nine months, which says much for the resilience of the industry

IN RECENT weeks, both the collapse of Hanjin Shipping and the ratification of the International Maritime Organization's (IMO) Ballast Water Management Convention (BWMC) have added to the many headaches troubling shipowners right now.

The havoc caused by the Hanjin failure is the most