Shipping Confidence on the Rise -Moore Stephens
Shipping confidence, notably on the part of charterers and managers, improved for the second successive quarter in the three months to end-August 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In August 2016, the average confidence level expressed by respondents was 5.4 on a scale of 1 (low) to 10 (high). This is an improvement on the 5.1 recorded in May 2016, and the highest rating for the past nine months of the survey, which was launched in May 2008 with a confidence rating of 6.8.
Piracy Fight Becoming a Private Battle
New report reveals boom in private military security forces fighting Indian Ocean pirates. Research into the use of private military security companies in the Indian Ocean has found the fight against Somali-based pirates has become a private battle as global defence cuts reduce naval counter-piracy deployments. The report, 'Pirates and Privateers: Managing the Indian Ocean's Private Security Boom' sheds new light on the serious problem of Somali piracy and highlights new problems…