Liu Hanbo, China Cosco Bulk’s newly appointed general manager, talks to TradeWinds about a potential move for his company. A good journalist never reveals his source, Mr Liu.
“No one asked our advice. We do not know why we have to move to Guangzhou. We have a long history here and are very experienced, and our families are not familiar with the living style in Guangzhou.”
Meanwhile, a worker is baffled as to why the company may be uprooted. Is Guangzhou the Chinese equivalent of being sent to Coventry in England?
Cosco quietly readies for staff exodus from Beijing
“The cost of trading and membership fees will skyrocket.”
John Banaszkiewicz is clearly not a fan of selling the Baltic Exchange.
FIS chief Banaszkiewicz takes aim at Baltic sell-off
“The market is looking really bad for bulkers. I got an offer recently for a 2008-built capesize for $10m. This is the worst market since 1986; and then it was really bad.”
John Fredriksen must be sick of cold calls from troubled bulker owners.
“I believe prices and rates will also fall for tankers.”
Fredriksen turns party-pooper for tanker owners.
Fredriksen again, revelling in the slump. It’s party-time for cash-rich billionaires on a bargain hunt. More like a funeral for everyone else.
Fredriksen on prowl after $505m Marine Harvest sale
“We are getting very clear about what we may want rather than what we have to have, but we are not going to sacrifice safety, operational reliability.”
BP Shipping chief Susan Dio with a gnomic quote you may have to read twice to make sense of. We’re glad she’s clear, even if we may not be.
New BP Shipping chief Susan Dio eyes efficiencies in ‘painful’ market
“Shipping has always been opaque. It annoys owners who don’t want their ships to be known or charterers who don’t want their cargo destinations known. But it gets known none the less.”
BRS boss Tim Jones on the shipowners’ scourge, AIS.
Group’s arm’s-length data operation ‘works the way the industry works’
“We are not so nervous about 2016. It’s just a general sense that in good markets, you look over your shoulder and, in many ways, you need to worry more about a high market than a low market.”
Norden’s Jan Rindbo explains his cautious approach. So, bulker, boxship and OSV owners, if you think you’re worried now, wait until markets rebound.
Cash-rich Norden holds fire in bulker bargain hunt
“When you build a company like NITC up over 27 years it becomes like your baby. There was still more that I wanted to do. Of course, after such a long time, you realise that there will come a point when you have to go but you want to hand it over to a good and capable person.”
That might be as close as former NITC boss Mohammad Souri will ever come to commenting on his short-lived successor.
Well-known former boss of NITC still going strong
"The Hong Kong convention has not been ratified, and frankly I think it probably never will."
Shipbreaking Platform’s Sigurd Enge calls into question the appetite for reform of the demolition industry.
"When can you apply? How do you apply? What does the approval process look like? There has just been a deathly silence."
Philip Rozier, director of Lucion Marine, has some questions for Brussels on the same subject.
Brussels pledges demo guidelines as Belgium signs HK rules
“The tax authorities’ move appears to be part of the regular tax audit of our company.”
SK Shipping's Hong Chang-hyo defends his company against talk of tax evasion.
