Young professionals are less confident about the markets where they operate, with fewer of them expecting any major investments or significant developments over the next 12 months compared to the stats from the survey performed in 2013, showed a new survey by The Shipping Professional Network in London (SPNL).

The respondents working in the shipowning, shipbroking, ship management, chartering, advisory and associated industries in London recorded an overall confidence level of 6.2, out of a maximum possible score of 10, in the markets where they operate. This compares with the rating of 6.4 recorded when the survey was run previously, in September 2013.

On a scale of 1 to 10, respondents expressed an overall expectation of 5.8 when asked to gauge the likelihood of their business making a major investment or significant development over the next 12 months. This compares with the 6.4 recorded two years ago.