We take a look at what was said in the market in the past week.
“You know the turtle, right? If it doesn’t stick its head out of the shell it never moves forward.”
Norden CEO Carsten ‘The Tortoise’ Mortensen on the company’s ill-fated repositioning of bulkers in the Atlantic in the third quarter.
(Norden downed but not defeated.)
“Am I annoyed about this downgrading measure? You bet I am. But let’s put it in perspective.”
Mortensen is taking the Dane’s downgrading of its full-year profit estimate a bit personally.
(Norden downed but not defeated.)
“Only 12 months ago may were discussing whether players in the container market could survive or not. But that is history now.”
Torm CEO Jacob Meldgaard tells us that container shipping’s problems are all in the past.
(‘Things can only get better.')
"We believe that as society recognises the limited choices available in the low-carbon, oil-scarce economy – and as land-based nuclear plants become common place – we will see nuclear ships on specific trade routes sooner than many people currently anticipate."
LR boss Richard Sadler gets up and atom as it joins with Victor Restis in developing the first nuclear-powered merchant tanker.
“How will [authorities] respond to a nuclear vessel coming into Piraeus or a nuclear-powered vessel sailing up the Thames in London?”
LR’s Vince Jenkins makes sure the nuclear idea is already losing some of its glow.
“All the ship orders are too much. Every one-and-a-half days a capesize is coming and it is the same with kamsarmaxes. Tanker orders are in a very bad position. A lot of people are ordering tankers.”
Turkish shipowner Yalcin Sabanci, who just adores newbuildings, gives a good rant on the state of the global orderbook.
(Yasa in tax dilemma on buying front.)
“The execution was picture perfect.”
Former underwriter Mark Friedman on Knightsbridge Tankers’ $81m follow-on offering in September.
(‘Big four’ dominate hunt for US cash.)
“Fortunately, we do not live in a ‘one size fits all’ transport world and shippers today need a variety of options in a rapidly changing logistics environment.”
Horizon Lines senior vice-president Brian Taylor on the company’s new service to Shanghai and Ningbo.
(Horizon Lines has faith in penetrating Chinese market despite tough Asian competition.)
“We are going to be competitive but not stupid.”
Gard underwriting chief Bjornar Andresen on plans for the future as it eyes an aggressive renewal strategy.
(Gard hints that bold renewal is likely.)
“Even the best can be hit by the worst.”
Andresen claims to insure and to ensure are entirely different concepts.
(Gard hints that bold renewal is likely.)
“There are deals being done there now but you cannot say the country has opened for business on a normal scale.”
A scrap broker on the Bangladeshi recycling market which is nearing a return to business.
(Bangladesh reopens at slower pace.)
“We need to see a few beachings come and go before we will know whether it is fully operational again.”
Another broker is not willing to believe that all is back to normal in Bangladesh just yet.
(Bangladesh reopens at slower pace.)
“The ship is floating and it's a very good sign because if there was a hole or crack it couldn't float.”
Mormugao Port Trust deputy chairman PC Parida tempts fate as Indian cruise operator Blue Ocean’s Ocean Life developed a slight list.
“We too are disheartened that we are not able to fulfill the dreams of those who have entrusted us with their important vacation plans.”
Carnival Cruise Lines chief Gerry Cahill gets all emotional after the recent Carnival Splendor fiasco off Mexico.
"The ship sank with our salaries and personal belongings.”
Ship mechanic Mohammed al-Agany on being left out of pocket and pockets after the Maryam went down in Suez.
“He grabbed me by the wrist, flung me to the floor and started punching me in the face and lower body, yelling that he would teach me a lesson.”
Deshakaru Lasanthi, a female second officer on the bulker Lake Maja, who claims the master beat her up off Australia.
(Master ‘attacks’ a female officer.)
“Everyone is complaining of the smell in the office because it is all new furniture. We also can’t open the windows so we have to go outside to get fresh air.”
An official at Grand China Logistics after its recent office move which proved an odourous task.
