Shipping confidence level

As per shipping adviser Moore Stephens, overall confidence levels in the shipping industry fell in the three months to November 2015, it is hovering at lowest level since this survey was started in the year 2008. Facts of this shipping confident survey are as below;

This survey is carried out every 3 months and results published, it was first published in May 2008 and latest published in the month of November 2015.
Owners, brokers, charterers, managers, advisers and others, these are the main categories of which respondents are surveyed.
This survey is divided into regions as Africa, Asia, Europe, North America, South America and Rest of the world.
Performance factors of this survey are; Demand trends, Finance costs, Operating costs, Tonnage supply, Fuel costs, Crew supply, Regulation and Port congestion.
The confidence level is measured between 1 (low) to 10 (high).

As per November shipping confidence level, overall confidence level has gone down from 5.9 in Aug2015 to 5.6 in Nov 2015. The confidence of charterers was down from 6.5 to 5.5,  managers from 6.4 to 5.8, brokers from 5.2 to 4.6, and that of owners from 5.8 to 5.7.  Some peaks in confidence level reported in May 2008 (6.8), May 2010 (6.3), Feb 2014 (6.5) and major dips were in Feb 2009 (5.4), Aug 2011(5.3), Aug 2012(5.3) and May 2015 (5.3).

As compared to 2008 performance factor shows that Operational cost has come down from 12% to 6%, Crew cost down from 11% to 5%, Regulation cost up from 2% to 9%.

The net sentiment was nevertheless positive (+7) in the tanker market and in the dry bulk sector (+16), although negative (-5) for container ships.

Please read more here.



Categories: Crew matters, Eng & Tech, Industry, Regulations

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