“We need to be fully aware of the fact that shareholders are very troubled with our decision to not pay a dividend for the first time in 52 years.”
NYK chief Naito sets out growth targets
“It was peaceful, no drama. How many rich brothers can you think of have stayed together and still work together? My brother and I were very peaceful about it. He’s living happily ever after and so am I.”
A fairytale sharing of the family spoils for Idan Ofer.
Idan Ofer opens up on ‘peaceful’ fleet division
“From this integration a business framework capable of generating profits even when market conditions are as bad as they are now will be established.”
K Line’s Eizo Murakami is hopeful the Big Three tie-up can counter the boxship downturn.
K Line: boxship merger will make money in slump
“We are trying to understand which direction this planet is going in.”
Martin Lanting plans a shake-up of the P&I sector once he’s stopped star-gazing.
Lanting is back with a disruptive new vision
"Companies are seeking to go local instead of global. Manufacturers are localising production for consumption in local markets. There has also been a rapid shift in consumer preferences from purchasing physical goods to consuming services and seeking experiences."
Junichiro Ikeda of MOL has a novel take on shipping’s problems.
Ikeda laments shift from global to local
“Most likely there wouldn’t be 50 vessels sailing under the Swiss flag without such guarantees.”
Swiss mandarin Ruedi Rytz sums up the importance of a Swiss ship finance fund. Which the government has just scrapped.
Swiss to pull the plug on $1bn aid
“Navig8 flatly denies pursuing such an order.”
Read Jason Klopfer’s lips: there is no aframax deal.
Navig8 denies aframax order talk
“It is premature to comment on the newbuildings. Varun is currently exploring all options to replace its existing fleet.”
Varun’s Yudhishthir Khatau is a bit more encouraging to yards, however.
Varun VLGC order could reach $420m
“My prediction for 2017 is to buy, buy, buy and survive until the investment pays off handsomely within the next three years.”
Imtiaz Shaikh of Tomini Shipping gives his cure for shipping’s ills. When in a hole, keep digging?
“I feel great and have never been to hospital in my life.”
Harald Grepne is ready for his new role. Maybe he was born at home?
