“If
I walked into my own office today, I wouldn’t hire me.”
But is Fearnley Offshore Supply chief Tor Allen Widing prepared to pursue his recruitment policy to its logical conclusion and fire himself as an under educated former telex boy.
(Fearnley celebrates 40th anniversary in style)
“If the terms allowing you to stay are diametrically opposed to the way you feel the company should be run, that line between leaving and staying becomes blurred. There’s not much difference.”
Former colleague Paul Leand suggests there is little difference between Morten Arntzen jumping or being pushed from the hot seat at OSG....well at least the result is the same.
(Clash over strategy 'triggers' Arntzen exit)
“There are big reserves in the fleet if you compare it to book values when we apply these rules. It is not possible to evaluate the company based on steel values.”
Herbjorn Hansson brushes aside the little inconvenience that the book value of the Nordic American Tankers fleet is little more than half the market value....at least on the figures from a valuation website run by a London shipbroker.
(NAT writes down tanker's value by $12m)
“The first couple of years we did better than the goals but we are, of course, affected by the market developments. We have had to write down the values of our ships in a big way.”
An admission from Andreas Sohmen-Pao that BW group’s aim of doubling net asset value every five years has slipped.
(BW Gas declares option to buy VLGC at bargain price)
“The future market is not showing any sign of recovery and Daeyang is running out of cash.”
A clear explanation of why the South Korean shipping company is closing down from vice president KH Park
“We
have now considered the judgment and have taken advice from our lawyers and our
political supporters. We had intended to make a proposal to Sinochart last
week. However, in discussing the judgment with our political supporters, they
suggested that it would be helpful if we were to postpone making such a
proposal.”
But what we really want to know is does political support trump court and arbitration rulings?
(Coal trader turns to politics in COA dispute)
“Zim has implemented a comprehensive efficiency plan which has significantly improved its results in the past two years.”
When it comes to getting the right result efficiency beats inefficiency every day of the week.
“We are concentrating on fuel-efficient ships.”
Goodearth Maritime’s V Ganapathi Rao has a better strategy than focusing on inefficient tonnage.
(Goodearth plans green newbuildings)
“At present, fiscal incentives will only subsidise inefficiency.”
But Hrishikesh Narasimhanof the Larsen & Toubro Shipyard seems to be suggesting they do things differently in India.
(L&T calls for efficiency at Indian yards)
“This firm has been turbocharged over the last four years.”
Sounds as if Jeffrey Pribor will be stepping on the gas as he takes over the shipping portfolio at Jefferies.
(Pribor swaps shipowner's chair for banker's hot seat)
“We still have no official understanding of what the underlying causes were with respect to an accident that never really should have happened.”
International Chamber of Shipping (ICS) chairman Masamichi Morooka takes aim at Italy over delay in publishing the result of the Costa Concordia casualty.
(Flags under fire over reporting)
“We are talking very openly with the clubs about retaining low severity high frequency losses to avoid dollar swapping.”
Maersk’s developing P&I strategy explained by Lars Henneberg.
(Maersk jacks up P&I deductibles)
“Negotiation
is a word that has been lost from the dictionary.”
Seems that some of the P&I clubs are lost for a rather vital word in the run up to the renewal.
(Clubs take tough line on P&I renewals
“The owner is very upset with the crew, who have behaved very badly. They were fully paid.”
Maybe Silvia Shipmanagement should be reporting a badly treated owner to the Human Rights Commission of Pakistan?
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