We take a look at what was said in the market in the past week.
A warning from Mark Friedman of Evercore Partners about getting too carried away by private equity investors sniffing around the shipping business.
(Risk reward lures private equity firms in droves)
“It’s no secret that we are looking and we are discussing a project with a couple of shipyards.”
Yannis Lagarias of Laskaridis is going shopping for newbuildings but is not yet putting ships in his basket.
(Laskaridis mulls more newbuilds)
“He doesn’t have a fleet of 50 ships, he has cash and he hasn’t done anything stupid.”
And Andreas Hadjiyiannis of Cyprus Maritime is seen as lurking around shipyard checkouts.
(Greek outfit pounces on bargain trio)
“Zim has flexibility on the delivery of these vessels and is currently in discussions with the yard regarding further postponement beyond 2015.”
But Shenhav Kimhi of the Israeli carrier is not keen on getting to the checkout with nine 12,500-teu vessels just yet.
(Zim in talks to postpone megaships)
“We have big faith in this market now and to come and that’s the only reason we are ordering this ship.”
Rem Offshore’s Aage Remoy likes the look of the subsea market.
(Rem banks big time on subsea demand)
“We believe China is a good place to build.”
A less than unique insight from Lauritzen Offshore's Ib Hansen.
(Lauritzen to sell slab of offshore pie)
Is Torben Janholt Lauritzen’s Mr Ten Percent? The Danish shipping chief is not saying just how much he sold a more $100m Korea Line Corp claim for apart from it was a double digit percentage.
(J Lauritzen sells Korea Line claim)
“I don’t like to be a loner in business. I always run my businesses as collaborations with other partners.”
So Rohan Shetty of ICON Chartering is not a single minded entrepreneur.
(ACM switches initial aim as better opportunities spotted)
“The shipbuilding industry in general is going through a consolidation phase. In order for us to maintain the group’s competitiveness, our strategy is to scale up in the vessel chain and build larger and better vessels.”
Ren Yuanlin is aiming to get Yangzijiang Shipbuilding’s operation to Japanese and South Korean levels.
“I don’t think a lot of people are there yet. It’s too easy to call something a citadel when it really isn’t.”
Vale’s Peter Kavanagh warns that not all citadels are as secure as they should be.
“Unless China agrees to take more of the oil (likely at a big discount), Iran would need to curtail oilfield production which would likely be negative for shipping as volumes decline.”
Norway’s RS Platou predicts use of NITC vessels as floating storage is not going to help the struggling tanker market.
(No storage spur for spot rate)
“Frankly, we don’t have that money with us yet. We are still in the process of collecting funds.”
Ahmed Chinoy reveals that a collection to raise $2.85m to ransom the crew of the containership Albedo is not halfway there,
