“Scrapping is the answer.”
John Michael Radziwill, chief executive of C Transport Maritime, makes the solution to the terrible dry market look so simple.
“Layups, it’s a short-term medicine that will make the industry feel better for a few months, maybe until the end of the year if they are massive, but definitely not the solution,”
Giovanni Ravano, managing director of shipping and logistics division at Bunge Group, could not agree more apparently.
Bulker scrapping trumps layups, says Radziwill
“Extending, in the name of relationship, is a sentence that I cannot explain to a regulator nor to any sensible credit person these days.”
Richard Jansen, managing director and global co-head for transportation at Deutsche Bank, finds it difficult to make himself understood - and nobody can blame him.
Banks promise tough love as regulators look deeper
“We have for a long time looked at Western Bulk but did not like the shipholding exposure in the old company,”
Wilhelmsen managing director Thomas Wilhelmsen explains why he decided to step back from the WB acquisition race.
Wilhelmsen plan for WB Chartering included staff
“There is a big surge in exports from China as the government eased export regulations.”
Captain Larry Liu, director at tanker brokerage Charles Weber, gives another reason why tanker owners should keep feeling optimistic.
Chinese diesel exports a boon for clean tankers
“I remember one major shipowner telling me he’d rather go to Nigeria rather than go to India,”
Anil Sharma of GMS says many shipowners avoid Alang over reputational fears, but what about now that Maersk is sending ships over there?
Opinion split over Maersk plan to scrap at Alang
“We added a lot of capacity last year, 8% as an industry, and in a market that is not growing that is just not healthy for freight rates.”
Maersk Line chief executive Soren Skou summarises the reasons behind the tough liner market. Has he seen CMA CGM's latest order plan?!
Skou: Rate decline lies more on supply side
“Clearly we had some help from a very strong market but we have also done quite a lot of things ourselves and we can see the strategic initiatives we have been focusing on that are helping our results as well.”
Morten Engelstoft of Maersk Tankers says it's not all about rate rises.
‘Best results in long time’ buoy Maersk Tankers
“It’s all so new and nobody has written anything about some of the things I will be able to write about.”
Former Clarksons researcher Craig Jallal is looking forward to his new role at VesselsValue.com. Has nobody told him there's nothing new under the sun?
