“There are a wealth of possibilities of how the market can now develop and prosper. This is a truly exciting and historic day.”
Happy faces around the Baltic Exchange as the SGX deal was been finalised. Former chairman Peter Kerr-Dineen cannot hide his excitement.
‘This is a deal that really can work for everyone’
“It would never be easy for a young man without a broking background to head such a big broking firm.”
One Norwegian broker comments on Michael Steensland Bruun’s decision to sell his controlling stake in Inge Steensland, where he is chairman.
Steensland Bruun sells stake in brokerage
“There has been a pleasant level of interest for the vessel but also lots of rumours. There is serious interest but the ship is not tied up.”
Klaveness chief executive Lasse Kristoffersen reminds us of the basic difference between market rumours and actual S&P deals.
Klaveness denies sale of newbuildings
“If we do something that will change the rules of the game, there is a danger of companies not moving out of Greece and going to other EU countries, but of moving out of Greece or other countries and going outside the EU.”
Marios Demetriades, Cyprus’ minister of transport, telecommunications and works comes in support of Greek owners.
Cyprus warns tax changes may force owners to decamp from EU
“We treat all our clients the same way as we do with JF. No favours, actually, goes both ways.”
Razaq Jadgal, one of six brokers at Oslo’s newest shipbroker Arctic Shipping, clarifies the company’s principles.
Arctic Shipping ‘strong believers’ in investment and broking union
“The laws here are very strict about arrests only being allowed for claims against the registered owner of ship."
This is why troubled Swiber has decided to dock its ships in the UAE, as Ravi Jawani of law firm Fichte & Co explains.
Swiber Holdings tonnage idle in Emirates safe-haven
“I know that she would be a good commander in chief.”
Squire Patton Boggs lawyer Rodney Slater has no sympathy for Donald Trump and clearly supports Hillary Clinton ahead of the US elections.
Maritime sector sticks to macro concerns as US candidates clash
“There’s more of a recovery coming on the coal side, which will directly benefit capes, also panamaxes.”
John Wobensmith, chief executive of Genco Shipping & Trading, is optimistic about the prospects of the market for capes and panamaxes.
Shipping chiefs see bottom of market
“It hasn’t been able to move the needle.”
Paul “Chip” Jaenichen, head of MarAd, admits that more need to be done in respect of sexual assault and harassment of cadets attending the US Merchant Marine Academy.
‘Nothing is working’ in battle to end sexual assault at Kings Point
