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STRAIT TALK

Shipping business adjusts to winds of change

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While owners and charterers surveyed seemed quite confident of the future, it appears that confidence is not based on an expectation of increased freight rates. On the contrary, nobody seems to be expecting an increase.

THIS year has seen more than its fair share of political and economic instability. And high level politics and economic uncertainty have often come together, notably in the US-China trade dispute.

So it is not surprising that confidence within the global shipping industry fell in the past...