“We are the star of the market because we are Unipec. When they know Unipec is looking for a vessel, people come to us. A broker will be chasing you whenever you have a chartering position. This is the reality in this industry.”
Unipec’s Wang Zheng is not short of self-confidence. After all, when seagulls follow the trawler it is because they think sardines will be thrown into the sea.
How ‘star’ charterer learned to use its power
“It’s mission close-to-impossible.”
Maybe HSH’s Christian Nieswandt should call in Tom Cruise to cut its shipping book.
Norddeutsche Reederei gets $500m debt writedown
“The confidence among all players in the products tanker industry needs to be stronger than it is today. Otherwise I don’t think we have the opportunity to have a successful IPO of Torm."
Jacob Meldgaard urges his contemporaries to show more belief.
Torm set for New York IPO when markets align
“I like big vessels. We have today 50 suezmaxes and VLCCs on the water and on order, and I must say I do not regret it.”
Size matters for John Angelicoussis. He’s a big name with a big name.
“If you don’t need it, don’t use it.”
Angelicoussis again, extolling the virtues of operating away from the stock market.
Angelicoussis sees appeal in floating regas arena
“We feel that now is a splendid window for investing in more tonnage.”
DSD managing director Oddvar Hausken is enjoying the view of a shipping industry in crisis.
“At the end of the day a partnership is all about trust and chemistry and both parties feeling comfortable doing business with each other.”
Michael Elwert gets a warm glow thinking of his new partners.
Elektrans teams up with CST in global quest
“I am leaving for the singular opportunity to help lead one of the largest and highest-quality shipping companies in the world, a company which has been a leading client of Jefferies.”
Jeffrey Pribor liked OSG so much he joined the company.
Pribor and OSG join up in public tanker spin-off
“Although each vessel operator wants to believe that its relationships are stronger, that its safety and reliability are superior, that its vessels are newer and more capable, this market will be, for the next several quarters, one where the vessel that meets the essential requirements at the lowest cost will get the work - at a day rate just above cash operating cost.”
Quintin Kneen of GulfMark sums up the race to the bottom in the struggling offshore sector.
Small vessels to exit layup as oil firms look for lower costs
“I will be happy when 2017 is behind us. This will be the toughest year so far for the industry.”
And you thought 2016 was bad. Dof’s Mons Aase says you ain’t seen nothing yet.
