Shipping confidence reached its equal highest rating in the past three years during March to May this year, according to the latest Shipping Confidence Survey from shipping adviser Moore Stephens. The average confidence level expressed by respondents to the survey was up to 6.1 out of 10.0 from the 5.6 recorded in the previous survey in February 2017. Increased confidence was recorded by all main categories of respondent to the survey with an overall confidence rating of 6.8. Concern persisted, however, over political uncertainty, overtonnaging in certain trades, depressed oil prices and a potential dearth of quality seafarers.
Carriers’ overall on-time schedule reliability improved 4.7%, increasing from 58.6% in April 2017 to 63.3% in May 2017, according to the latest data provided by intelligence provider CargoSmart. Regarding schedule reliability by trade, 10 of the 12 trades improved from April 2017 to May 2017. The trans-Atlantic trade experienced the largest improvement in reliability, rising by 21%, from 47.2% in April 2017 to 68.2% in May 2017. NYK, OOCL, and Hapag-Lloyd showed the most improvement in schedule reliability with 12.4%, 12.3%, and 10.2% increases from April 2017 to May 2017.
Daily news feed from Seacurus Ltd – providers of MLC crew insurance solutions www.seacurus.com
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