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We take a look at what was said in the market over the past week.
Thanassis Martinos reveals salt water in his veins but is he forgetting that unpredictable also means bad times come around too.
“How bad can it get? Well, if you overbuild the market and you have excess supply to demand, it can get as bad as you like for as long as you like.”
Euronav chief executive, Paddy Rodgers, issues a stern warning about the dangers of an oversupplied VLCC market.
“When the window closes and when the market gives us the opportunity, we will sell everything. It could be in one en-bloc transaction or it could be in stages — whatever is most favourable.”
Chief executive William Hung reveals that although Teekay offshoot, Tanker Investments, is still buying the company does not have a long term future.
“It is just great to see this ship and to celebrate its naming. This project has taken a lot of effort, time and work. It has really been like giving birth.”
Boa Offshore chief executive, Helge Kvalvik, found delivery of the company's latest anchor handler laborious and maybe painful.
Is this a come up sometime and see me invitation from Skuld chief executive designate, Stale Hansen?
“Last year, we managed to achieve savings of $800 per day per vessel without any particular effort. This goes straight into the owner’s pocket.”
Well done to Klaveness pools chief, Hans-Petter Olsen, but also sounds as if there was quite some room for improvement.
“What is beneficial is flagging ships, selling licences... and everything else.”
Luis Fruto of the Panamanian ship officers union warns that the largest flag state is more interested in revenue than cadet training.
“Both government and commercially owned ships are illegal to export to developing countries, and they should all be managed in green ship recycling yards in developed countries and not on the dangerous and polluting beaches of South Asia.”
Environmentalist Ingvild Jenssen presses the case for the Japanese car carrier, Global Spirit, to be arrested before it sails for scrapping at Alang.
John Dickie of the International Federation of Shipmasters' Associations doubts the master of the tragic ferry can have a fair trial.