Not time to pop the champagne yet
Reports of rising confidence and falling operating costs may be double-edged
TWO new reports paint a picture of increasing confidence and lower costs for major sectors of the shipping industry. Too good to be true? Well no, but the reality is always more complicated than the headlines.
Both reports come from international accountant and shipping adviser Moore Stephens. Its Shipping Confidence Survey says that confidence reached its highest rating in the past three years in the three months to end-August 2017.
Meanwhile, its ship operating costs benchmarking tool, OpCost 2017, reports total annual operating costs in the shipping industry as falling by an average of 1.1 per cent in 2016.
So is this a double dose of good news?
Certainly, increased confidence sounds good and can …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan
Volvo Cars see good demand this year after higher Q1 unit sales