“It’s sad for the Norwegian standing in Japan, and rest assured that not every Norwegian would have handled this in the same way.”
Veteran Norwegian shipowner Axel Eitzen spots a possible major difference between Norwegians and Japanese in handling a crisis.
Japan tells Norway ‘No thanks, we’d rather sue’
“We have absolutely nothing against Japanese owners joining us.”
Golden Ocean chief executive Herman Billung has better relationship with Far East colleagues than Western Bulk.
‘No approach yet’ from Japanese to join Capesize Chartering
“We are here not as a candidate for any takeover but deem ourselves to be a company with our own future and have laid the ground for it.”
Markus Hempel, chairman of the board and managing director of Norddeutsche, clarifies its company’s position over consolidation rumours.
“If you look at the US market at this moment, it looks a little bit like the KG [limited partnership] market eight years ago. Investors are starting to learn that it’s not that easy to invest in shipping and make good profits. So this is definitely the wrong moment to enter the market with a new IPO.”
Containership guru Claus-Peter Offen explains why this is not the best time to conduct an IPO.
German containership owners brace for consolidation tsunami
“The question I am asked most these days is about the oil price. My short answer is that it will go up and down but not necessarily in that order.”
Not a very optimistic view from Statoil president Eldar Saetre, but he must know something we don’t.
‘Low oil price is best cure for low oil price’
“I would advise [European] owners to change flag and go to a good yard.”
Nikos Mikelis, an architect of the HKC, has a very innovative solution. Change flag before scrapping. Who on earth does that?
EU blocks subcontinent beaching yards
“We have had informal conversations with other clubs from time to time but there are no current arrangements for merger underway.”
Standard Club chief executive Jeremy Grose confirms there is merger chatter around but no deals yet.
Standard and Korea P&I explore clubbing options
“We’ve made public our shift of focus along those lines on the dry bulk side in terms of how we think about that sector. In offshore, we’re not focused on it today but in considering long-term opportunities.”
Harold “Hal” Malone, Navig8’s CFO, shares his view about the latest offshore deal.
RKOffshore purchase puts Navig8 on a learning curve
“We believe the CKYHE alliance to be unviable because it is a grouping of the strong with the weak.”
A combination of the strong with the weak is not the way to go forward in the middle of the liner crisis according to senior MSI analyst James Frew.
MSI says lines must ‘double down’ or rationalise
“Our preference would be to merge… but if we’re unable to do that, we will seek to separate the business out of that.”
It’s still all open about OSG’s future, says chief executive Ian Blackley.
