“I have never been on a cruise, and never wanted to - they sound stuffy and dull. But I would love to go on a Voyage — they sound adventurous, exciting and glamorous. So I am thrilled to introduce our newest company.”
Virgin seals deal for three new cruiseships
“You can lay up every vessel bar one and have one charterer seeking one boat, et voila - market balance, but that's still catastrophic no matter how you slice it.”
Broker Westshore says stacking ships cannot be the only answer to market blues.
Layups continue as AHTS use crashes
"Nobody knows how long the current low level of demand for support vessel services will continue. This uncertainty, coupled with your balance sheet, puts the issue of GulfMark’s survival front and centre."
Seacor’s Charles Fabrikant has some friendly words of advice for a rival.
Fabrikant presses GulfMark to merge with Seacor unit
“Maersk Tankers took time in contracting the LR2 newbuildings as it was waiting for the newbuilding price to fall.”
A source reveals Maersk’s common-sense tactics for its new order.
Maersk Tankers strikes $500m LR2 newbuild deal
“Luckily, not many people are called Maersk and have their financial strength.”
A tanker owner is doubtful the order floodgates will now open.
“In the long run, the number of yards available to build is going to be [a] fraction of who is out there now.”
A broker predicts a bloodbath for shipbuilders.
Orders unlikely to open floodgates
“Some big liner companies are working on putting everything in the cloud.”
Fonasba’s Foord: ‘We need to think on our feet’
“To me, it seems they are willing to take the risk. Third-party shipmanagers have something to prove. They have to show they can run it leaner than the owners can.”
Thomas Fjeld believes some people in the industry are taking risks with charts as sales fall.
“I do not believe any of our customers are sacrificing safety or adherence to the regulations in favour of costs.”
But Chartco’s Martin Taylor disagrees.
Collapse in paper chart sales stirs controversy
“We believe the decision is wrong and the bank is considering all of its options.”
Seward & Kissel lawyer Bruce Paulsen sums up his client’s feelings over a US ruling that bars ING from arresting ships. You just can’t please everybody.
ING handed judicial blow in OW bunker bills’ chase
“Because the market is so bad and they have the right. But we are still talking.”
Sanfu’s Dong Yitao is down, but might not be out yet.
Zeaborn in cancellation standoff with Sanfu
“I knew I’d get questions about that.”
Analyst Michael Webber field enquiries about why Zodiac is still stuck near the bottom of his latest corporate transparency chart.
Vintage rather than origin still guide to scorecard rankings
“Let’s be honest, the real reason to grow any club that already has critical mass is not for some altruistic desire to benefit the shipowners, but for club managers to enhance their profits and reward.”
Wilson managing director Julian South proves himself a realist.
