Who could be the process server if prosecutor Francesco Verusio is suggesting the almighty should be subpoenaed to explain his role to an Italian court?
By the way if the above explanation seems a little familiar it is not a case of deja vu. Back in July none less than Capt Schettino was suggesting that “a divine hand” helped bring the Costa Concordia near land before the vessel capsized. So both sides appear to be agreed there was intervention from above.
“We are investing in ships for the long term and price levels are attractive enough to do that now. We are at a level where we are comfortable saying we are in the buying zone, in the buying range, as values have come down to before boom levels.”
Mats Berglund thinks it is time to buy .... that’s if you have the money like Pacific Basin Shipping.
“TMT is against index-basis freight in shipping as it is does not follow traditional laissez-faire business. Once we finalise charters with our old pricing system, TMT intends to take delivery of the ships.”
Seems Nobu Su is as man of principle when it comes to chartering out vessels he can’t quite pay for.
(Bidders vote with their wallets on Nobu Su's resale bulkers)
“China’s growth over the past decade has relied on the creation of new cities, buildings, roads, housing and other general infrastructure to support its massive urbanisation trend. As these cities and buildings are completed and as people continue moving to the cities, their future needs will include the next level of consumer goods."
Marius Kloppers expects China will go on needing a lot of BHP Billiton iron ore and the ships to carry the cargo.
Judge Michael Mettyear makes a claim about what he is not saying but nevertheless seems less than impressed with the sobriety of certain ship masters.
“Oriental has the difficult task of defending claims brought in the local courts in the highly charged aftermath of a maritime disaster in Philippine home waters, in which there has been massive loss of life in controversial circumstances. By pressing ahead with their claim for negative declaratory relief, these giants of the London insurance market have placed their reinsured Philippine minnow in a hopeless and invidious position.”
Heart and head in conflict? Lord Justice Tomlinson rules in favour of six Lloyd’s of London syndicates but reveals a sympathy for the underdog.
(Lloyd's syndicates under fire after ferry tragedy win
“We would have wished to go for a slightly higher general increase to be reasonably sure of underwriting to a balance but the directors took a view that when shipping is in such a difficult situation it was fair to take that into account and moderate the increase to give shipowners slightly less pain It was a balance between what the club would ideally like and the members’ financial conditions. We have a good free reserve and if occasionally we need to use as a cushion that is what it is for.”
Alistair Groom reveals the thinking behind the Standard Club’s decision to go for a 7.5% general increase.
(Standard Club to seek 7.5% rate rise)
“Remember we’re in shipping, which is one of the roughest commodity businesses you can be in. If you can’t understand your customer, you start gambling. We’re all told insurance isn’t gambling. Lloyds is gambling but insurance isn’t. If you understand your customer, you breed loyalty to the extent you can get loyalty in this business.”
“Growing older is like climbing a mountain, you may at times get short of breath but the view you get constantly improves.”
“One for all and all for one, I know your ship and you know mine.”
And a definition of mutuality from Norwegian Hull Club chairman Hans Olav Lindal
