“We were born with a capesize in our stomach.”
Michael Saverys and his brothers appear to have had a very uncomfortable start in life. So much more difficult than being born with a silver spoon.
“When things are at their worst, it’s in our nature to look at the opportunities — and they will come in the next years.”
But seems that he has has overcome this difficult start and is imbued with an optimistic outlook.
(Saverys brothers confident they can weather the storm)
and
“I think there is one very clear lesson that has got over very well in the US, which is they don’t want any more shonky deals.”
Paddy Rodgers may be a 55 year old lawyer turned shipping company manager but seems he is banging around with a buzzing crew in Euronav’s yard.
(Euronav’s Rodgers says show is over for ‘shonky’ IPOs)
“Greek-owned shipping has historically offered a great deal to the country and has the ability to contribute to its economic recovery, provided that its legal framework is completely respected in order for it to remain competitive in international maritime transport.”
Theodore Veniamis and the Union of Greek Shipowners identify one of the problems behind false, malicious, unproven and self-seeking criticism of their country’s fiscal situation. It’s those terrible Germans again.
(Greek owners ready to do their bit for recovery provided tax status respected)
“When the markets are good, it’s easy to make money. But not to lose money in a bad market, now that is a challenge.”
Camilla Grieg wants to have fun and keep running but also hang on to Grieg Star’s loot.
(Grieg’s star is run off her feet)
“I am passionate about LR as an organisation and I am delighted to have been given the opportunity to lead LR through what promises to be exciting and challenging times ahead for the clients and industries we serve.”
Some are turned on by wine, women or song but new Lloyd’s Register chief Alistair Marsh is passionate about a classification society.
(Marsh gears up to replace Sadler at LR)
“We lost a few people because we needed to but then you want those teams to work together and gel. I think there is nothing better than a frothy market for that to happen, particularly on the deepsea crude market.”
James Kidwell seems to be have adopted a polystyrene model for Braemar as he seeks a foam to gel transformation to deliver the right chemistry.
(‘Frothy’ market bolsters Braemar after ACM deal)
The challenge facing both seafarers and the industry from the Mediterranean refugee and migrant crisis identified by Harry Hajimichael of Tsakos Shipping and Trading.
“We are in a difficult market, perhaps one of the most difficult in the past 30 years.”
Angeliki Frangou, chief executive of Navios Maritime Holdings explains a first quarter loss
"Dry bulk market is at an all-time low. The not-ordering and scrapping has to continue. We are considering lay-ups as it is a pretty straight forward expenses calculation."
And Hamish Norton of Star Bulk Carriers appears to agree.
“The market is a total disaster and the operators and owners will only see it in the next couple of months.”
But nevertheless Zeaborn founder, Ove Meyer, see opportunities emerging from the the debris.
(Zeaborn buys 50% of Ems ConBulk amid expansion)
“The ships have got older, they’ve reached 15 years, so slowly, given the current climate, now is a good opportunity to look for newer vessels.”
Evangelos Missiris explains why Petrofin Ship Management bulkers are being sold.
(Petrofin eyes fleet renewal as third bulker touted for sale)
“Ordering ships that take years to build is always something of a gamble but, as things stand, the roulette wheel has landed on red when all the carriers had put their chips on black.”
Shipping analyst Drewry is not impressed by the odds of a flutter in the containership market.
(Box demand falls as mega-ships sail into Asia-Europe trades)
“Fraud, bribery and other illegalities are endemic in some parts of the industry.”
Abuses are commonplace in areas of the shipping industry according to Alexandra Wrage of TRACE International. Sounds like she is making a good case for an organisation to name and shame the offenders.
(What does shipping need to do to navigate in transparent waters?)
“They have no interest in attacking bigger ships or crude oil, and the decline in oil prices has not lessened their enthusiasm.”
Low oil prices may have dissuaded some fickle investors but pirates are made of sterner stuff according to Capt Pottengal Mukundan of the IMB.
(Asian pirates step up raids on small products tankers)
“Sometimes everything goes wrong at the same time but sometimes, even if it is rarer, everything goes right.”
Steamship Mutual’s Gary Rynsard identifies one of the key reasons the capital strength of the P&I club got a 25% boost.
“We had a steady consistent performance and a break-even result on an underwriting basis is exactly the right result from a mutual perspective.”
The Standard Club’s surplus is not too big but neither too small. In fact just right according to Jeremy Grose.
