We take a look at what was said in the market in the past week.
“We do not know whether you have actively developed this “anti-NAT” marketing campaign or have merely tolerated it, but you are lead underwriter of the Crude offering and responsible for it.”
NATS boss Herbjorn Hansson is furious at the bashing his company is allegedly taking from of Evangelos Marinakis’ IPO hopeful Crude Carriers and he lets UBS know all about it.
(Hansson hits out at Crude Carriers IPO.)
“Herbjorn is extremely sensitive when it comes to NATS.”
TradeWinds is confident it has got the spelling right on this one.
(Hansson hits out at Crude Carriers IPO.)
“This has been going on the past four days. Wherever Crude has been, Herbjorn has been in town a day or two later.”
One source believes Herbjorn has got the satnav out and is tracking Evangelos’ roadshow.
(Hansson hits out at Crude Carriers IPO.)
“The price is at the low end but Peter G has a good name in the market and there is an appetite for this type of deal.”
One analyst as Golden Boy Georgiopoulos’ Baltic Trading hits the New York market, albeit to a mixed reaction.
(Baltic Trading hits New York market.)
“For us in the West, we must realize the only thing we have is timing. If we get the timing wrong the Chinese will have us for breakfast.”
Greece-based Cypriot shipowner Andreas Hadjiyiannis has no intention of becoming ci fan tuan as the company sets about renewing its fleet.
(Hadjiyiannis renewing fleet.)
“My mother has said the passengers are going down like flies.”
A relative of an elderly passenger on Fred Olsen’s Boudicca which had an outbreak of norovirus this week.
(Norovirus hits Fred Olsen ship.)
“Embarrassment is not, however, a sufficient basis upon which an applicant can show that his legal rights have been invaded.”
London high court judge, Justice Tomlinson, ruling against the Greek Kalogiratos family in a suit with Vitol.
(Vitol scores vital victory in legal spat with Greek owner.)
“If your pocket can afford a ship, then it’s the right time to go for it.”
Christopher Nkavoyannis, spokesperson for Greek bulker owner Tritea Maritime, which has opened its fat wallet and embarked on a ship splurge.
(Tritea spending on new ships.)
“You can imagine that a parent who makes a certain commitment also wants a return.”
Martin Landtman, of STX Finland which is being brought up by South Korean shipyard giant STX Offshore & Shipbuilding.
“Contract cancellations? That’s last year’s story!”
Wang Xingru, president of Cosco Shipyard Group, thinks order axing is a thing of the past.
(Cosco Shipyard’s Wang confident on orderbook.)
“If you are sitting in the office you have less time working in the yard. We should see the berths and the employees to understand the details of this business. This is why I wear my yard uniform every day.”
Wang tries to dismiss rumours that he has had a falling out with his tailor.
(Cosco Shipyard’s Wang confident on orderbook.)
“I don’t think kickbacks are going on now. This sort of thing used to be much worse in Louisiana but I think it is dying out now, or I hope so.”
An offshore source is glad to see the back of the bourbon bribery days.
(Louisiana’s kick-back cultural in the past.)
“We have been in the offshore fishing business with shrimp boats, crab boats, oyster boats in the gulf since 1956...I grew up on the water, in shipyards, in fish houses and shrimp boats.”
US offshore owner Todd ‘The Rod’ Hornbeck was caught years ago by the business hook, line and sinker.
(Hornbeck traces offshore roots.)
“If any outsider wanted to be a shipbroker in southern Louisiana, they just wouldn’t have a chance.”
One US offshore vessel owner says the Gulf state is not all sweetness and Mardi Gras.
(Closed shop in Louisiana offshore business.)
“I was on the board of Stolt Comex Seaway, you know, before that became Acergy. Jacob Stolt-Nielsen kind of throttled the thing back while he was there.”
John P Laborde Sr of Stone Energy Corp in the US may be holding on to this grudge a bit too long.
“My grandfather used to tell the story that after he bought that boat, he’d have to sleep on it with his foot hanging off the side of the bunk because it was so leaky. When the water would hit his foot, it would wake him up, so he could bail it out and keep it from sinking.”
Otto B Candies III, who serves on the company board off Otto Candies, gives Mark Twain a run for his money in the narrative stakes.
