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Shipping confidence high at turn of year

Supply-demand imbalance will be righted, there is appetite for investment and financing is available, says Moore Stephens survey

Published Tue, Jan 2, 2018 · 09:50 PM

Strait Talk

THE year 2017 will not go down as being particularly memorable for the shipping industry. It was neither awful nor especially good.

Nevertheless, the sentiment within shipping was, apparently, optimistic in the six months to the end of November, said the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.

The firm's shipping and transport partner, Richard Greiner, said: "Confidence is at its highest level for 31/2 years, testament to the industry's remarkable durability."

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