We take a look at what was said in the market in the past week.
Seems clear that Eidesvik Offshore chief executive Jan Fredrik Meling is not one of the flock.
“We just took a look out the window and our thinking in doing that investment was that the market couldn’t get any worse. We thought at least we would get our money back if we sold or we could sell at a profit.”
Siem Offshore chief executive Terje Sorensen makes building a company with a capitalisation of $620m seem easy.
“To run a house that you have built up yourself is completely different from trying to change one.”
Hans F Christensen gets into the construction business with Uno Offshore.
(Broking start-up targets offshore)
“Edison Chouest is sometimes called the ‘best kept secret in the offshore industry.’
Well its a secret no longer after Island Offshore managing director Haavard Ulstein shares his thoughts with TradeWinds.
(Partner deserves ‘wider recognition’)
“The oil companies have never invented anything. It is always the supplier that comes up with new technology. There are some very nice exceptions but most of the oil companies are run by financial advisors with a low interest in sharing risk.”
Haavard Ulstein may have have a lot of time for Edison Chouest but is less than impressed with some of his customers.
(Well intervention a ‘sexy sector’ but oil companies hesitant)
“Don’t forget, there were no gas stations along the road when the first cars were produced. I am convinced that one day LNG ships will be used in the UK, Brazil and elsewhere and when that happens, Eidesvik will have the advantage, along with years of operational experience.”
Eidesvik Offshore chief executive Jan Fredrik Meling is ready and waiting.
(Family wins with belief in LNG power)
No strange notions for AP Moller-Maersk boss Nils Smedegaard Andersen when his head hits the pillow.
(No newbuild pressure for Maersk Line)
“I can’t comment on it — but rumours very often prove to be true!”
Ardmore Shipping chief Tony Gurnee is learning the blarney in Cork his new Irish home town.
“The $1bn limit is demand driven and massively adequate whether under OPA or the civil liability convention.”
Andrew Bardot sets out the P&I clubs stance on the level of oil pollution cover. But is $1bn adequate moving forward? Insurance minded shipowner Matheos Los has thoughts that it may be too low.
(Controversy lingers on pollution cover limit)
“First of all there is a social relationship between John and George. We think very highly of him as a management team and we are delighted we will have him on the board.”
Danaos finance chief Dimitri Andritsoyiannis on how George Economou has hit it off with John Coustas.
Norden chief Carsten Mortensen is ready for the hop.
It’s healthy for the CEO to sit on a burning platform – to have his own money on the line.”
Well as long as it doesn’t get too hot for Carsten Mortensen.
"I understand he was conscious but not well."
Wellington harbourmaster Mike Pryce gets diplomatic about the condition of the drunken master of the 22,600–dwt Tasman Pathfinder (built 1991).
(Drunk cargoship master stood down)
"She wasn't steering, she was just simulating the manoeuvres. The tiller was disengaged. The hydrofoil has three commands and I never left control of the effective ones. I never thought this would end up on YouTube."
A suspended SNAV ferry master fears a YouTube prank may cost him his job.
