“But it’s like the snake that ate the goat - it’s going to take a while to digest; a while to get through this.”
“I’m not saying there isn’t mismanagement in the industry. But there’s a big difference between mismanagement and the market going down 99%.”
Georgiopoulos again, saying that sometimes there’s just nothing even the best-run companies can do in shocking markets.
Georgiopoulos laments investors’ understanding
“Even with the hiccups, I think you got to a good result.”
Judge Martin Glenn on Prisco’s liquidation. A good result for the banks and Sovcomflot, maybe.
Prisco liquidation plan approved
“The company itself is in the safe hands of the UACC chairman, Mr Waleed Al Dawood, and its experienced staff.”
UACC CFO Ketil Ostern is unruffled by the departure of two top executives.
“While we are rooted in shipping and energy, we must never become static in a dynamic world.
Ane Maersk Mc-Kinney Uggla is still looking to move forward as Maersk restructures.
Maersk review brings changes at the top
A Hansa Treuhand spokesperson on its recent troubles. Things can only get better? That’s just a D:REAM for the German company.
Hansa Treuhand to halve fleet and end fund-raising
“This is a time for great opportunity for us as ship values are historically low in general.”
Jan William Denstad says one owner’s pain is another’s gain.
Sole Shipping ‘on track’ to hit $250m expansion target
“I am delighted. Panama has done great to do that. It’s a bit of a difficult thing to do.”
Former IMO executive Nikos Mikelis takes his hat off to Panama.
Mikelis revels in Panama’s approval of Hong Kong Convention
“The capability of the people and the human capital that RBS Greece has to offer was and is of a high value given its long history and good clientele. I would have thought this human capital would be worth a lot.”
John Dragnis is surprised RBS couldn’t find a buyer for its shipping business.
RBS moves to wind down shipping unit
“If an opportunity arises where we believe that we, together with an object, can add value, then it’s interesting. But we have not, by far, committed us to do anything.
Thomas Wilhelmsen may not be waltzing down the offshore aisle any time soon.
‘The worst thing we can do is stay static’
“We get a taxi and no one drives it, we can get a train and no one drives it, so why can’t we get a ship with no one driving it?”
Epic Gas chief executive Charles Maltby. You go first, Charles.
Vessel owners ‘already thinking seriously about driverless ships’
“One fewer set of sales guys, one fewer pricing available in the market. This is all positive and this is what needs to happen.”
OOCL's Michael Fitzgerald on boxship consolidation. Consider that invitation to the sales team's drinks party withdrawn.
Rivals agree consolidation a good move for box sector
“If I’m raising money I can’t look across the table and say, ‘Hey, with your money and my experience...’ and pretty soon that is going to be my money and your experience, and that does not go over very well. I would rather say, ‘With our money we are going to make more money, and put mine up next to yours’.”
Ridgebury’s Bob Burke gives a masterclass in business negotiations.
Ridgebury returns as tanker buyer with support from its key investors
