An owner with orders at Dayang gives a small taste of how Chinese yards look nowadays.
Sinopacific-owned Dayang to axe jobs in creditor bail-out
“The market has dropped a bit more than I had expected. I think all owners think we are now nearing a more normal market situation. But I am optimistic for the summer season.”
Avance Gas president Christian Andersen brings owners back to reality as earnings in the sector become more 'normal'.
VLGC spot rates drop but smaller ships find profitable period work
“I’ve been extraordinarily lucky to do it for as long as I have.”
SSY's retiring boss John Welham does not regret spending his career in the shipbroking industry.
Richardson to lead SSY as Welham prepares exit plan
"Hand on heart I can say we tried very hard to find a solution."
Bulk Invest chief executive Jens Ismar did his best but the company could not avoid filing for bankruptcy.
Bulk Invest files for bankruptcy
A spokesperson from Laskaridis Shipping describes how an accidental spillage of minimal quantity can cause a slick of 43 kilometres.
Laskaridis vessel causes spill in France
“But my intention is to keep the CMA shares as long as possible because I always find money to do my other investments.”
Robert Yuksel Yildirim, president and chief executive of Turkey’s Yildirim Holdings, has no fear over finding cash to invest.
Yildirim sticks with CMA CGM play
“The answer will be yes, we could sell other vessels.”
Bring the ship sales on. Scorpio president Robert Bugbee was more than clear when responding to questions from analysts during its fourth-quarter conference call.
Scorpio open to possibility of selling more vessels
“Bills can’t get paid, crew can’t get paid, there’s going to be a gap there, and who’s going to continue to fund that?”
Nadeem Samaha, associate director of Lapithus Management, part of private-equity giant Apollo, asks a simple question about the dry market. The answer is a bit more complicated though.
Truth hurts as Germany faces crunch
“Luckily we didn’t buy because prices have dropped more.”
Evangelos Missiris, general manager of Petrofin Ship Management, feels relieved about his company’s S&P policy.
