What's keeping the shipping industry up at night
Tighter regulation - such as sulphur caps - and where the price of oil is going are becoming growing concerns and taking the wind out of the industry's sails
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THE shipping industry has been through a lot in the past 10 years. So has the world's economy, after the Lehman Brothers bankruptcy in 2008 triggered the global crisis, and which has been slowly recovering since then.
A few months before that seismic event, international accountant and shipping adviser Moore Stephens launched its Shipping Confidence Survey. Then, shipping markets were buoyant, with an average confidence level of 6.8 out 10.0.
Since then confidence has averaged 5.8 out of 10.0. The low point was the 5.0 out of 10.0 recorded in February 2016, since when it has only improved or been maintained.
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