“Korean reliability and quality are suffering.”
A broker sums up the effects of shipyards laying off thousands of workers.
Under-pressure yards push back some newbuilds
“The ships were ordered with a number of extras added to the standard specification. Everything was perfect.”
But here’s a happy customer of a Chinese yard.
Owners happy with newbuilds at failed yard
Harris Papaspyropoulos on the perils of making art in the modern era.
P&I man who sees the bigger picture
“We don’t believe in the future of this sector… and the pressure from the banks doesn’t help.”
Thomas Wehr is getting out of boxships with a parting shot at lenders.
Wehr to exit containership sector to focus on dry bulk
“It’s time to acknowledge the huge gulf between those facilities in South Asia, where dozens of lives have been lost in recent months, and those elsewhere in the region that have started to make a genuine effort.”
LR’s Jim Heath calls it as he sees it on scrapping.
Shipowner engagement key to ensure certified scrapping is compliant
“For a lot of these investment funds, it’s not enough to say I want to buy a VLCC. They have to make a real business case behind it.”
That’s where VesselsValue’s Adrian Economakis hopes he comes in.
New tool offers fresh trading focus
“Why would you not factor in a ship’s condition if it had an impact on value? It was an obvious market opportunity as there was an increase in the need and appetite from the banking sector to look at assets on the balance sheet.”
Idwal director Nick Owens makes his pitch.
Idwal Marine fills vessels inspection gap for buyers
“We’ve inspected a few. But we’re not really any closer to buying ships than when we first began talking about it.”
Mudit Paliwal is all talk so far.
Caravel misses the boat for bulker buys
“At the start of last year, a lot of shipbroker valuations were not very realistic about the actual amount a vessel could be sold for and this wasn’t helped by the absence of data in the public domain and few sales happening.”
James Frew reveals everything you wanted to know about OSV valuations, but were afraid to ask.
Opaque offshore vessel valuations a big hurdle to restructuring work
“The newspapers didn’t help much in our efforts to stem the onslaught. Tempted by great pictures, the tabloids ran maps of how to get to the beach, even from cities as far away as Hull and Manchester.”
Ex-MCA press chief Mark Clark reveals all about the MSC Napoli bounty hunters.
