‘There is more trouble ahead for the global shipping industry’ 23-03-2010
First International chairman says that a number of factors are conspiring to keep companies in doldrumsPaul Slater AS WE approach the end of the first quarter of 2010, the state of the global shipping industry continues to worsen. There are...
Ringing the closing bell on NASDAQ 30-06-2009
On the occasion of Marine Money Week Conference in New York, Paul Slater and a few of the other leading figures in the Maritime Industry joined Jim Lawrence, President of Marine Money to ring the closing bell on NASDAQ on Wednesday, June 24th...
First of many 30-06-2009
For shipping finance veteran Paul Slater, Eastwind Maritime's bankruptcy is just the beginning of a raft of insolvencies.Paul SlaterHe told TradeWinds Wednesday that the Chapter 7 filing is the "first of many to come" in a shipping industry that...
Half of all listed shipping companies may go bust 22-05-2009
MORE than half of the shipping companies with stock exchange listings could slide into bankruptcy or administration proceedings in the next year as their cash drains away, a senior industry figure has warned. The grim assessment was issued by...
First International retains CMS golf tournament title 06-05-2009
First International is proud to announce that their golf team successfully defended their title as Champions of the Connecticut Maritime Association's annual golf tournament in Stamford CT on Thurs April 30th 2009.The team of Paul Slater, Mark...
Restructuring urged as owners teeter 06-03-2009
Download article by Greg Miller, taken from Fairplay, 5 Feb 2009
Mare Forum 2009: Shipping investors told to adjust expectations 19-02-2009
SHIPPING investors wishing to start new projects will have to inject “100% equity” for the foreseeable future and make do with significantly lower returns, as bank financing disappears under a “new paradigm”. Leading...
RBS nationalisation makes owners and yards edgy 21-10-2008
HOW THE mighty have fallen. Last December, Royal Bank of Scotland announced it had won the prestigious Shipping House of the Year award at the 2007 Jane’s Transport Finance Gala Awards. Lambros Varnavides, head of shipping at the...
Shipping will emerge victorious 21-10-2008
FOR SHIPPING the long-term effects of the credit crunch may be positive, delegates at the 1st World Shipping Congress, held in Athens on 9 October and sponsored by the Financial Times, were told. Robert Wright, the...
Confidence on rocks in shipping sector 21-10-2008
One topic dominated the thinking of worried-looking shipping executives in Athens last week for the Financial Times' World Shipping Congress. On the conference fringes, all were examining the implications of a sudden breakdown of key networks of...
Shipping must “retrench and downsize” 09-10-2008
Athens: There is no “China factor” to provide new demand and thus mitigate the over-supply of ships in the months ahead. The shipping markets face stormy weather which will continue for several years. These are the views of ship...
A rocky road to correction? 09-10-2008
BAD NEWS travels fast. And these days that means minutes rather than the days it took for news to spread of the 1970s oil crisis, for example. Reaction times are shortened and as a result market volatility is heightened. Commenting on...
Don’t treat ships as betting chips 07-10-2008
SHIPPING markets are due for a major correction and recent financial turmoil makes this both imminent and inevitable. Ship financier Paul Slater isn’t mincing his words. He will warn a Financial Times shipping conference in Athens next...
Shipping and Storms Ahead 03-10-2008
Expect the largest and sharpest correction in shipping for more than three decades, says ship financier Paul SlaterThe Chinese industrial revolution has resulted in a bonanza for shipping for the last five years, says Paul Slater, First...
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