Faintpraise for the Baltic Exchange’s screen trading project for derivatives fromchief executive, Jeremy Penn. Maybe an advert in St Mary Axe would help?
(Baltexis a cost-effective solution that can be successful to the benefit of all)
and
(BalticExchange chief urges market to back Baltex screen)
“Whilethe feedback from investors has been generally positive, especially in theNorwegian investor community, it has not been possible to raise the full amountrequired to build a company of sufficient size for an immediate stock listing.”
Klavenessadmits 'generally positive' is not good enough if you are trying to raise $200m.
“Weare also a company that is interested in maximising the potential of anyinvestment.”
Astrategy that few could argue with is laid out by Navig8 commercialdirector, Jason Klopfer.
(Navig8takes different approach to pool rivals)
“Thesigns are really positive now. The only concern I have right now is that thereseems to be a lot of equipment being built. That could have a negative effecton the business by making it oversupplied, but I think the demand side and thebusiness side are looking really positive right now.”
Sweettimes ahead for the US offshore market according to Otto B Candies III.
(OttoCandies profits from hot GoM but remains wary of US orderbook)
“Asolid business plan, a strong management team and clean corporate governanceare the other key ingredients. Without those key ingredients size isirrelevant.”
Sizematters but Pioneer Maritime’s Pankaj Khanna is also throwing other ingredientsinto the cake.
Hangingon makes a great deal of sense if you are fighting for survival on a sinkingship.
“TheAon team has done an excellent job for Teekay over the years and I have nocomplaints about them whatsoever.”
Butnot such a great job to prevent Teekay insurance director, Dev Hildebrand, appointingJardine Lloyd Thompson as hull broker.
(Bigblow for Aon as Teekay hands JLT hull cover role)
“Yetagain, the lenders have irresponsibly relied on circumstantial ‘evidence’ toconclude that the debtors have committed a grievous sin, in this case assertingthat the B Whale has shipped Iranian oil.”
Arobust response from Nobu Su’s lawyers to suggestions that a TMT ship has beenup to no good off Iran.
(Creditorsaccuse TMT of shipping Iranian crude oil)
“Westrongly believe in the market going forward so we have no ambitions of fixingfor too long.”
SeemsCelsius Shipping chairman, Jeppe Jensen, is not going to fight the market.
(Start-upCelsius contracts first chemical-tanker newbuildings)
“Shipsare getting bigger now, but you cannot have that without technical capability,and if you want to stay in the race you must have that capability — and we arestill in the race.”
Ayear into his new job Bureau Veritas’s marine chief, Philippe Donche-Gay,believes technical expertise is a highly desirable capability for aclassification society.
(BVis class act, says new man at the top)
“Indian yards had the opportunity during thepeak period to prove themselves to international shipowners, but we missed thebus.”
SunilThapliyal of RS Platou is critical of the performance of Indian shipbuildersbut maybe there is still time to catch a rickshaw.
“Sevenof them did not board the aircraft. They have disappeared. We think they havechosen to live in Australia as illegal immigrants.”
CaptYasser Hossny fears a crew strike on a National Navigation Company of Egyptpanamax bulker was a pretext to start a new life down under.
