“Shipping is 0.01% of the US equity market — no investor has to invest in shipping. Investing in shipping is not something you learn in school. There’s no tradition — you have to be taught it. Investors need to be created, they don’t exist in nature.”
Veteran shipping banker, Simon Rose, is back in business and hoping to create new investors.
(Rose ready for another shot at shipping but in different guise)
“We are so small that everybody does everything. If you put on a boiler suit, you are a supervisor.”
But Rajesh Gadhia of Hong Kong shipmanagement start-up, Langton Shipping, was in a shirt and tie when interviewed by TradeWinds.
(Start-up Langton Shipping gathers Wallem renegades)
“I met Orlando in an interview process and I was immediately taken by the fact that he knows absolutely nothing about the cruise industry.”
Orlando Ashford is impressively qualified to be president of Holland America Line according to chief executive, Stein Kruse.
(Holland America builds ‘excellence’ in the back office)
“It could have been a management buyout. Very easily. But who would that have benefited? It would have benefited a little raft of privileged people and then everybody has got to work for them."
Egalitarianism rules at EA Gibson as the shipbroking firm's chief executive, Nigel Richardson sets a new course.
(EA Gibson enters new chapter of long history)
A puzzling description of KG investors voting down a Lloyd Fonds reorganisation plan from chief executive, Torsten Teichert. Waterloo was a victory, except for the French, with Blucher sharing battlefield honours with Wellington.
(Lloyd Fonds hatches new plan after listing setback)
“Timing is why they have the future, it’s the secret sauce. They’re also a very competent management team that understands the tanker world. They were bold when the market was weak.”
Former OSG chief, Morten Arntzen, backs the concept that a couple of brains and a quartet of eyes and ears can prove a useful asset.
(Two brains, four eyes, four ears - and a plan that works)
“If you have a certificate of competency you should be fit for purpose. If you are not it is a failure of monitoring and training by the issuing administration.”
IMO maritime training chief, Milhar Fuazudeen, thinks it is a good idea if cadet training schemes produce competent junior officers.
(Call to expose substandard cadet training)
“An exceptionally low number of high severity claims in one year does not remove the underlying risk of very large claims.”
Best to keep scanning the horizon for black swans according to Helle Hammer, chief executive of the Nordic Association of Marine Insurers.
(Insurer warns of rare but exceptionally large claims)
Golar LNG’s chief executive, Gary Smith, reveals in a few quotes that he is having fun despite business conditions.
(Golar’s FLNG dream starts to take shape)
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