Unpredictable conditions ahead?
Posted on: 13 April 2023
Despite the Russian invasion of Ukraine dominating news headlines and creating economic uncertainty, overall confidence in the shipping industry has stayed strong, according to the findings of BDO’s Shipping Confidence Survey. Confidence has stayed at historically high levels at around 7/10 for the last 24 months.
This general trend is not reflected in intentions to make a major investment in the next 12 months. This measure of confidence has been very volatile over the last 12 months with intentions for Brokers and Asia, in particular, seeing huge changes in just the last six months.
In this edition, BDO asked a special question in February 2023 about expectations of the Baltic Dry Index in the next 12 months. Expectations are that the BDI will be below its current level of c. 1,450. This is a more pessimistic outlook than a year ago when respondents expected the BDI to climb up from levels around 2,000.
Use this link to access the Survey’s findings.
BDO welcomes the views of industry insiders who are able to share their experiences and expectations of the industry. If you would like to contribute to the Report, please complete the contact form.
