Compelling logic from Maersk Line chief executive, Soren Skou, but maybe too commonsensical to be taken up.
(Shipowners face emissions dilemma on cost efficiency of scrubber technology)
“I am absolutely certain these ships will be profitable at the time of their delivery.”
Thomas Soderberg of Tribini Capital has no misgivings about what the future holds as he prepares to exercise a China newbuilding option.
(Tribini unveils four box newbuildings at Zhejiang Ouhua)
“Shipping has a soft spot in my industrial heritage and I think we understand it. And, with the right partners, we would be happy to participate.”
Martin Houston of LNG start up Parallax Energy appears tempted to take an investment stake in ships.
(Houston rides again in LNG with Parallax Energy play)
“I’d argue that in a lot of shipping areas — tankers, dry bulk, containers — the rates are extremely volatile. You’re taking on a lot of re-employment risk and that isn’t what MLP investors sign up for. They sign up for stable cash flows.”
A vogue for over master limited partnerships comes under fire from Teekay’s Peter Evensen, a pioneer of these investment vehicles.
(Shipping MLP pioneer slams new wave of non-traditional offerings)
“Shipping is a low-profile industry and, to the wider public, seafarers are practically invisible. There is a clear and pressing demand for programmes that can effectively alleviate their unique welfare needs.”
(Karlshoej takes charge at Seafarers’ Trust charity)
“The industry is facing invisible pirates — the type of pirates who ply the electronic seas and use cybercrime to steal money, hijack databases for ransom or create destruction to serve political agendas.”
Lars Jensen of CyberKeel puts an emerging threat in a more familiar Gulf of Aden context.
(Sailing in a digital ‘convoy’ is the best protection from an invisible menace)
“It is a strong shipping company in every way, and I am looking forward to becoming a part of Norden and creating more good results and expanding our strong position as a customer focused shipping company together with the competent and dedicated employees.”
Good to hear that Norden's new chief executive, Jan Rindbo, is not looking forward to joining a weak shipping outfit where poor results are a result of customer neglect and incompetent and apathetic staff.
“We continue to improve the financial position of the Trust and remain focused on continuing this trend.”
And another chief executive, Alan Hatton of First Ship Lease, who appears to believe in a success orientated strategy.
“When you have a quarter and then another quarter with no big claims the result will be good. But you can have three in a week or eight in a year. These events come randomly.”
An unpretentious explanation from Gard’s Rolf Thore Roppestad for a stellar result that lifted the free reserve past $1bn.
“The difference between a very good year and an averagely bad year is a swing of $100m and broadly speaking you are more likely to have a poor than a good year.”
Luck in the guise of large claims has not been so kind to the UK Club, but chief executive, Hugo Wynn-Williams, concurs about volatility.
