We take a look at what was said in the market in the past week.
“Having Columbia, Interorient, Four Jolly and Teekay sitting at a pool meeting is quite a powerful group of shipowners – irrespective of the number of ships committed.”
Pool parties are set to be quite a jolly splash, according to Tim Horne, manager of Teekay’s LR2 pool Taurus Tankers.
(Six new LR2s to join Taurus club.)
“They’ve agreed to do that and we are currently in the process of putting the paperwork together to welcome them as a full participating member.”
Horne as Interorient Navigation gets set to join the club.
(Six new LR2s to join Taurus club.)
“We are not about fees – that is an important distinction for us – and it is one that we know resonates with people.”
Taurus’ policies are not just a load of bull, according to Horne.
(Bullish pool places faith in flexibility.)
“You’ll get into a significant debate with your customers about which is front haul and which is back haul – but it is a high-quality debate!”
Today’s markets leave Horne and others wondering which end is which.
(Trading in products market, dirty trading and storage make three prongs behind niche approach.)
“Ten years ago we were very isolated and isolationist. Torben was very insular.”
Horne on DPRK Taurus and former, late boss Torben Karlshoej.
(Bullish pool places faith in flexibility.)
“The result is exceptional, and we are very satisfied. Markets have been favourable, but first of all, our businesses are in excellent shape. Especially our container business has improved and is ahead of competition on profitability.”
CEO Nils Andersen is probably the happiest man in Denmark as AP Moller-Maersk posted $4.2bn in net profit so far this year.
(Maersk profit ‘exceptional’.)
“When one of the most serious and important charterers like Vale...could become ‘autonomous’ and be able to transport on her own all of China’s imports in a period of maximum two years time from now, that could easily prove catastrophic for the industry and end up pushing capes to eventual ‘unemployment’.”
Greek broker Cotzias Shipping gives a chilling account of possible prospects for the dry-bulk industry in a market report.
(Beijing ups battle to rein in imports.)
“We will not be sitting in the box waiting for the broker to come by.”
Skuld chief Douglas Jacobsohn is thinking outside the box as the club sets up a new Lloyd’s syndicate.
(Skuld hails ‘significant’ new venture.)
“It’s quite stupid to try and pirate a warship. They tried to attack at night so they probably couldn’t see it was a warship.”
An EU NAVFOR spokesperson after pirates onboard the hijacked bulker Izumi tried to bite off more than they could chew.
“I’m looking to put the pieces together on this complex puzzle. There are no guarantees in life but shame on those who don’t pursue the opportunities.”
Kathleen Eisbrenner of LNG business development outfit Next Decade which has signed up TMT.
(Eisbrenner outfit eyes up Nobu Su.)
“Lua did not seek the public spotlight, but his leadership, clear thinking and strategic approach to business issues set him apart.”
NOL chief financial officer Cedric Foo pays respects to former chairman and CEO Lua Cheng Eng who died this week aged 72.
“Conditions on board the ship are very challenging and we sincerely apologize for the discomfort and inconvenience our guests are currently enduring.”
Carnival chief executive Gerry Cahill asks passengers to sit tight after its Carnival Splendor broke down following a fire off Mexico.
