TIM eMagazine Volume 3 Issue 1 | Page 16

Maritime Four-year high in shipping confidence levels S hipping confidence reached a four-year high in the three months to end-February 2018, according to our latest Ship- ping Confidence Survey. The average confidence level expressed by respon- dents was up from 6.2 out of 10.0 in November 2017 to 6.4 this time. Confidence on the part of owners was also at a four-year high, up from 6.4 to 6.6, while managers’ confidence was up too, from 6.1 to 6.4. The rating for charterers, however, continued its recent erratic performance – down to 5.0 from 7.7 in November 2017, but up on the 4.7 recorded in August 2017. Confidence on the part of brokers, meanwhile, was down from 6.3 to 6.1. Confidence was up in Europe from 6.3 to 6.6, equalling the highest ever rating for this category 16 Shipping Respondents