The Oil Catastrophe in the Gulf of Mexico
So much has already been written, televised and spoken about the blow-out of the oil well that BP was drilling in the deep waters of the Gulf of Mexico, that one might ask, “what more can be said?” The well-head is still leaking more than 85 days after the initial explosion, although the latest cap seems to be working. The clean-up appears to be gaining ground but a large amount of oil still remains on the surface. The finger-pointing...
Leave the casino and get back to shipping
PAUL Slater has never warmed to the title of shipping’s Cassandra-in-chief, so perhaps the knowledge that people are finally listening will provide him some comfort. When the forthright chairman and chief executive of First International last dropped into Lloyd’s List for a casual chat, his prophecy that over half of all listed shipping companies were in danger of going bust garnered the level of internet hit rates more usually associated with news stories...
The Global Economic Recession, Banking System Collapse and a Shipping Crisis How Did We Get Here and Where are We Going? As the leaves of Autumn fall from the trees they are the first signs that winter is just around the corner. Unfortunately, winter has come to the shipping industry early. In fact shipping’s winter is about to enter its second year. Download the full article
Shipping in Crisis: In Recovery or still on Life Support?
As we pass the mid point of this year and survey the financial damage that the Shipping Industry has suffered over the last twelve months is it time to plan for recovery or is there worse to come? Download full article here.
Maritime Restructuring Alliance announcement
The Maritime Restructuring Alliance is a maritime financial crisis management and financial restructuring group created to provide hands-on, experienced, executive management of distressed companies and assets through a global network of financial and operating affiliates. With their combined experience, the group's attorneys, bankers, financial advisors, and operators in the global transportation industries distinguish themselves with both the depth and breadth of their experience in...
Returning to Confidence: How do we get there?
6TH LLOYD’S SHIPPING ECONOMIST GREEK SHIPPING & SHIP FINANCE CONFERENCE , ATHENS MAY 19th 2009Download the 5th Paper in the series “Shipping in Crisis”, presented by Paul Slater
Recovery of the Shipping Markets - When and How
MARE FORUM - 4th MARITIME SORRENTO , ITALY 2009MAY 11th 2009Download the 4th Paper in the Series “Shipping in Crisis” , presented by Paul Slater
Banks and Shipowners Relationships Amidst the Crisis
6th Lloyd’s Shipping Economist Greek Shipping & Ship Finance ConferenceATHENS - MAY 19th 2009 Presented by Paul Slater Download article now
Maritime Restructuring Alliance Announcement
The Maritime Restructuring Alliance is a maritime financial crisis management and financial restructuring group created to provide hands-on, experienced, executive management of distressed companies and assets through a global network of financial and operating affiliates. With their combined experience, the group's attorneys, bankers, financial advisors, and operators in the global transportation industries distinguish themselves with both the depth and breadth of their experience in...
Navigating through the Financial & Economic Storms
MARE FORUM HOUSTONFebruary 11-12, 2009 Navigating through the Financial & Economic StormsPresented by Paul Slater
Shipping is not a casino where the chips are ships The market correction has begun, and it will catch out all those owners and operators who failed to see shipping as a long-term game, with transportation at its core. Time has been called for those still at the casino When the going gets tough, observers fall into two camps. The analysts lapse into ‘told-you-so’ mode, and graph out long-term trends that reveal a market correction had been on the cards for several months....