“Appoint them and get rid of these people who claim they are independent but really are not. It’s a little bit of a joke."

Montpelier fund founder Nicholas Cournoyer wants to see directors able to stand up to Navios bosses.

“We think they do a lot of things well. She knows her business and her team knows their business extremely well. We’re not trying to micro-manage them or tell them how to do shipping, that’s their area of expertise.

But he also acknowledges the skills of the Greek owner.

Navios Acquisition investor keeps up pressure for reforms to board

“I think there are also a lot of investors out there who actually want to own your stock but they’d like to see some evolution on the incentive structure.”

Analyst Amit Mehrotra highlights the corporate governance issue in a call with Scorpio chiefs.

“Our shareholders, to tell you the truth, have not come out to us complaining about our structure.”

Emanuele Lauro responds: move along, nothing to see here.

“It’s hard to know what’s being said behind closed doors but I know that, in my conversations I’ve had, investors say they’d never buy shares of Scorpio Tankers because of what’s happened at Scorpio Bulkers. I think it’s a bit silly to pretend that they’re separate companies when they’re all the same people making up the management teams.”

But Mehrotra goes on to highlight the concerns of some potential investors.

Analyst challenges Scorpio chiefs on governance issues

“It is correct that there are some disputes. These are currently in the process of being resolved, we hope."

Vroon commercial director Herman Marks on a troublesome boxship purchase. The course of sale and purchase deals, like true love, very rarely runs smooth.

German boxships sale runs into trouble

“Jeremy has agreed to stay on until the future of the business is decided, whether it ends up being sold or if it is not, to ensure continuity,”

A Baltic Exchange spokesman says they've stopped looking for a new boss for now.

Penn sits tight at Baltic pending future direction of the business

“Within this year, four to six secondhand capesize vessels will be purchased in addition to newbuilds.”

Turkey’s Karadeniz makes a big promise over its expansion plans.

Karadeniz eyes more conversion purchases

“That is all basically worth zero. The only pay that’s still relevant would be salary plus bonus, as the stock is worthless.”

A source says Genco can hand out all the options it wants to bosses - it signifies nothing.

Dry slump slams top Genco execs’ compensation

“What face will you show your shareholders when the ‘cheap’ ship that you chartered breaks down, or worse, the owner goes bust with your precious cargo onboard? That will surely cost your shareholders many times more than paying a bit above the market to get the right ‘quality’ owner to safely carry your cargo to your client."

Precious Shipping's Khalid Hashim has a pointed question for bulker charterers.

Charterers should see the benefit of paying above market rates for quality