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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