“He’s only in one market, the crude market. And despite considerable investigative work by myself, I have not found a single related… party transaction.”
Robert Bugbee is obviously teasing new CMA commodore Paddy Rodgers.
Shipping rivals in duelling roast at Commodore Gala
“Being an entrepreneur means we are there to complicate our life to realise great things.”
Who could argue when famous shipowner Jacques de Chateauvieux uses his wisdom?
De Chateauvieux targets gas growth after Bourbon deal
“I’ve never seen the financing world, collectively — and I mean everyone you talk to — quite so negative in all saying the same thing.”
It’s tough to raise capital out there and Team Tankers chairman Morten Arntzen confirms it.
Shipfinance outlook has rarely been more gloomy than today
"Owners’ attitude seems to be ‘let’s continue trading and see how things develop’."
Eva Tzima, an Athens-based analyst with Intermodal describes how the lay-up situation in Greece has changed following a small improvement in bulker rates.
Layups slow to a trickle as freight rates and scrapping rise
“Our vision is an old-school shipping one; owning ships, not operating and not trading paper.”
“Winemaking is a lovely profession but sometimes it is a little bit dull,”
Basile Aloy, a seventh-generation member of the Saverys family does not regret at all for abandoning winemaking for shipping.
No regrets over moving from wine to shipping
“Funding a newbuilding has not been a good way to make money. As a firm, we are not comfortable with newbuildings.”
Art Regan, partner at Apollo Global Management does not feel very comfortable with new orders
Shipping and finance chiefs are mutually wary in skittish market
“As we approach the summer, half of the rigs and every sixth offshore- service vessel will have no work. And one-in-five employees at Norwegian owners will either be fired or laid off.”
Norwegian Shipowners’ Association chief executive Sturla Henriksen has no optimism to share with us.
NSA says ‘very demanding’ situation set to get worse
“Is it something the market wants or something these companies have to do because there is nothing else for these vessels?”
President and chief executive Sveinung Stohle tries to find out the real reasons behind conversion of LNG vessels into regas tonnage.
