“Two or three years ago, a lot of people were smiling and thinking Peter G was dead. I think it’s obvious that I’m not dead. I don’t know that there are too many other people who could have pulled this one off.”
Let’s hope Peter Georgiopoulos is fully alive rather than back from the dead and prowling S&P markets by night.
(Peter Georgiopoulos basking in the spotlight after Navig8 swoop)
“If someone’s cut a cheque to invest in a shipping company, they understand that it’s a company that primarily operates outside of Greece and what’s going on in Greece has no material impact on the business itself.”
Fortunately Wiley Griffiths hails from good ole American outfit, Morgan Stanley, otherwise we might get the idea he is going on about defacing a cheque with a scissors.
(Greece-Europe clash no threat to Greeks’ plans to raise capital)
“We do not need boom, we just need ‘back to normal.’ Last year’s increase in bulker capacity (close to 40 million dwt) was not absorbed by additional cargoes.
Unishipping’s Slava Gornov warns of the danger of further bulk carrier ordering.
(Was the dry bulk crash predictable?)
“If you dirty up that ship, you’re going to be pretty much taking about a minimum of about $2m discount on your sale price.”
Buyers are looking for nice clean tonnage according to William Hung. So Teekay spin-off Tanker Investment Ltd is not going to sully tanks with something so filthy as crude.
(TIL says 2017 aframax and suezmax slots going fast)
Seaspan’s Gerry Wang flags he is looking to sell its panamax containership fleet to focus on 10,000 teu and bigger vessels.
(Seaspan Corp mulls putting panamax fleet ‘to bed’)
“The Asian shipping industry is in a substantially better position than many other market participants, thanks to strong intra-Asia cargo traffic, and views the current situation as the normal state of affairs.”
Asian shipping executives are upbeat about the prospects of a higher 2015 profit according to Christian Nieswandt of HSH Nordbank.
“It’s too early to declare victory. But so far, the customers have received the new network very well and so we don’t expect any problems.”
The 2M alliance with MSC has got off to a good start but AP Moller’s Nils Andersen is adopting a wait and see stance.
(Maersk profit escalates as bunker prices plunge)
“I very much believe that one-stop broking will be the way forward.”
James Kidwell sets out a strategy of tripling the size of newly merged shipbroking shop, Braemar ACM.
(Braemar ACM hungry for fresh broking growth)
“The bigger the member, the more competitively his fleet is rated, which again is not very mutual. Furthermore, if a big member is a board member too, the gap is even bigger."
Size pays when it comes to the P&I renewal but Greek insurance broker, Michael Vourlides of Minimar Shipping, would like to see fairer treatment of all.
“It is a matter of pride for the Greek shipowning community that this particular association is there. We are a mutual and if the members want the Hellenic we will exist forever.”
Hellenic Hull Mutual’s Ilias Tsakiris hopes there is a future. But if the members think otherwise the outlook could be very different.
