When Andreas Sohmen-Pao and Martin Stopford were preparing for their starring roles at the London International Shipping Week conference, they were likely bracing for tricky questions from John Humphrys, the renowned BBC journalist hosting the event.
Instead, they found themselves on the receiving end of relatively friendly fire, with Euronav chief executive Paddy Rodgers seeking an answer for the perennial poser: How do you stop shipowners overbuilding their market?
“The problem for us remains the shipyards, [which are] essentially government subsidised,” Rodgers said after taking the microphone in the audience at the Grosvenor Hotel.
