Shipping sector gaining confidence for 2014

Optimism is growing in the shipping sector but overcapacity and funding concerns persist, according to the fifth Norton Rose Fulbright “The Way Ahead” Transport survey – Where Next?

The shipping sector is anticipating a recovery, according to Norton Rose Fulbright’s fifth “The Way Ahead” Transport Survey. Two-thirds (66%) of respondents from the global shipping sector expect freights to rise and almost half (45%) expect the allocation of available funds to investment rather than operating costs to increase.