Shipping confidence dipped very slightly in the three months to end-August 2018, Moore Stephens’ latest Shipping Confidence Survey showed.The average confidence level expressed by respondents was down to 6.3 out of a maximum possible score of 10.0, this compared to the four-year-high of 6.4 recorded in May 2018. Confidence on the part of owners, however, was up from 6.6 to 6.8, equalling the highest level achieved by this category of respondent when the survey was launched in May 2008, with an overall rating for all respondents of 6.8 out of 10.0.Confidence on the part of charterers was also up, from 6.7 to 7.0, the highest level for nine months. The rating for managers, however, was down from 6.7 to 6.2, and for brokers from 6.3 to 4.9. Confidence in Asia was up from 6.1 to 6.3, equalling the highest rating achieved over the past 12 months.The number of respondents expecting higher rates over the next 12 months in the tanker trades was up by 3 percentage points to 53%. In the dry bulk sector, there was a 16 percentage-point fall, to 38%, in the numbers anticipating higher rates, while the numbers expecting higher container ship rates fell from 43% to 26%. Net sentiment in the tanker sector was +44, in the dry bulk trades +27, and for container ships +3.In a stand-alone question, 44% of respondents said they expected tariff wars to have “some” impact on the industry over the next 12 months. Meanwhile, 42% categorised such impact as “considerable,” and 11% felt that it would be “minimal”.“A small dip in confidence is not the news the industry wanted to hear, but confidence remains at its second-highest level for four-and-half years. Moreover, it is significant that the confidence of both owners and charterers actually increased,” Richard Greiner, Partner, Shipping & Transport, said.“Concerns about geopolitical factors dominated the comments from respondents. These were led by President Trump’s efforts to transform US trade relations, but also included state support for shipping in China and South Korea. Shipping will always stand to reap the benefits of its global identity and presence, but will also court the risks that this must inevitably embrace.”
Share Sharing is caring! 84 Views no discussions Share Tweet LifestyleLocalNews VOSH Eye Care Mission 2020 Begins on Monday in Marigot by: – January 17, 2020 Share The VOSH Eye Care Mission of the Rotary Club begins on Monday, January 20th with a slight change to one clinic location.VOSH, Voluntary Optometric Services to Humanity, is an international voluntary organisation with various chapters based in the United States aimed at providing vision and quality eye health to people worldwide.The mission dates and clinics are as follows:On Monday, January 20th the mission will be at the Marigot SDA Church; on Tuesday, January 21st at the Castle Bruce Health Centre and not the Salybia Health Centre as previously announced.On Wednesday and Thursday January 22nd and 23rd, the mission will be at the Goodwill Parish Hall.Those wishing to attend the VOSH clinics are advised that a ticketing system has been put in place to ensure that operations run smoothly.Each patient must have been pre-screened at their respective health centers prior to the mission to receive a ticket and only persons that have been pre-screened and have the correct tickets will be allowed entry at the various clinics.A monetary contribution will be required from persons receiving glasses.The VOSH Michigan chapter headed by Dr. Daniel Wrubel has organised eye care missions to Dominica for the past 25 years, facilitated by the rotary Club of Dominica and the Ministry of Health. The VOSH 2020 mission will run from January 20th – 23rd, 2020.The annual VOSH Eye Care Mission in Dominica is a collaboration of the Rotary Club of Dominica, VOSH International and the Ministry of Health.