Unequal equities exposed

We take a look at what was said in the market over the past week.

ExperienceIns.jpg“It is about delivering in the ice and we have collectively 1,000 years of experience.”

A millennium of chilly expertise cited by Sovcomflot’s Sergey Frank sounds hard to beat.

(Sovcomflot tailors fleet to support energy operations)

“Our position is that a resolution of the board of directors cannot obligate shareholders to give money to a money-losing organisation.”

“In Taiwan when a private company is involved in litigation with a state-owned corporation, the judges always favour the state corporation.”

Eddie Steamship’s Hsu Chih-Chien comes out fighting but shows a good deal of scepticism about what can be expected from Taiwan’s supreme court.

(Taiwan yard and Eddie Steamship battle over blocked sale of shares)

PointingGunIns.jpg“The starting gun has been fired."

Well lets hope that Torm’s Flemming Ipsen is not pointing the weapon at potential investors, lenders or even its bankers..

(Torm 'fires starting gun')

“There are 17 to 18 US-listed stocks that we would consider to be ‘dry bulk equities’ but all are not even close to created equal.”

Seems that Jonathan Chappell of Evercore Partners finds that some equities are more equal than others.

(Dry mouth)

“I don’t exactly get wet in my eyes reading this offer.”

A Klaveness bid for Norwegian Car Carriers has failed to impress Atle Bergshaven, but at least it has not driven him to tears.

(Klaveness’s bid for NOCC splits shareholder opinion)

“Things finally get better and we have to find something to worry about."

Is Jeff Pribor of Jefferies suggesting it is time to forget our worries and keep smiling?

UnsafeIns.png(No fear)

“Nowhere is safe off West Africa.”

Bergen Risk Solutions' Arild Nodland warns that hijacking of the Dynacom panamax tanker, Kerala, would be a piracy game changer.

(Dynacom tanker missing)

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