A warning that keeping LNG shipping safe is a key objective from Sigtto general manager, Andrew Clifton.
(Sigtto gives nod to the past and looks to the future)
“Why should it be much more dangerous to be onboard a ship as a crew member or passenger than to be onshore?”
An excellent question but surely Henrik Madsen as head of a classification society should be providing an answer.
(Shipping’s elite plots course towards a sustainable future)
“A global organisation, a real shining star.”
What a great endorsement of IMO. Who can it be that takes such an effusive view? None other than the organisation's secretary general, Koji Sekimizu!
(Shipping’s elite plots course towards a sustainable future)
“I think George is going to have to step up and put some of his personal wealth at risk, maybe a junior subordinated debt piece.”
Imperial Capital analyst, Andrew Casella, is optimistic about a refinancing of DryShips but takes a view on what shipowner George Economou needs to do.
(What can be done to get DryShips back on track?)
“We lasted 17 years. That’s better than most marriages.”
But Tor Olav Troim agrees his break with John Fredriksen was a ‘bad divorce’ and it appears it has not been so good for Golar LNG shareholders.
(Troim: divorce was bad but marriage was worth billions)
A ringing endorsement of bullish shipping analyst, Magnus Fyhr.... not from his mother but industry veteran, Morten Arntzen.
(Ace analyst Fyhr makes shipping comeback)
"We are concerned that in the absence of major ship orders, it is just a matter of time before yards resort to predatory pricing, which would be seriously negative for future profitability.”
Deutsche Bank Analyst Sanjeev Rana warns of trouble ahead for South Korea’s shipbuilders.
(Korean yards may swing back to predatory pricing)
“Tax terrorism.”
As if Islamic State militants and ebola are not enough! Arun Kumar Gupta, chairman and managing director of state owned Shipping Corp of India is among the those complaining the country's tax system is a big hindrance to the industry.
(Indian owners slam heavy taxes as ‘big hindrance’ to growth)
“You want your goods approved? I want a nice dinner and a bottle of whiskey.”
Alexandra Wrage of anti-bribery organisation TRACE International warns that lubricating the passage of goods through ports is not a good idea.
(Shipping has got to do a lot more to overcome problems of port bribery)
“We are not suggesting the general increase disappears but we believe there is not always a need to impose one every year. The clubs should not ignore that they are working within a maritime environment that is very flat at the moment.”
(Aon tells P&I clubs to stop being ‘slaves’ to free reserves)
“We welcome that release calls have come down but there are still some charging more than what a sensible mathematical calculation suggest they should be.”
Aon colleague Chris Chadwick weighs in to raise the vexed question of whether release calls reflect the true risk of a year being under reserved