GLG News by Container Leasing Professionals

David LyonsPresidentR & D Lyons Consultants Limited

Financing ocean energy ventures in today's economic climate

September 20, 2011

The reality of today’s economic environment, combined with the world’s multiplying energy demand, creates enormous financial challenges for the offshore energy industry, governments and the investment community.  

Raymond KalleyChairman and Chief Executive OfficerReliance Capital Group

A.P.Moller-Maersk-B : INTERIM REPORT

August 18, 2011

Analysis of:A.P.Moller-Maersk-B : INTERIM REPORT | www.4-traders.com

The interim results from the worlds largest container operator are of extreme concern.If we are look forward and endeavour to anticipate the future,it appears highly likely that the year end result will disappoint,baseed purely on deteriortating global conditions.This warrants great caution.

Raymond KalleyChairman and Chief Executive OfficerReliance Capital Group

A.P.Moller-Maersk-B : INTERIM REPORT

August 18, 2011

Analysis of:A.P.Moller-Maersk-B : INTERIM REPORT | www.4-traders.com

The interim results from the worlds largest container operator are of extreme concern.If we are look forward and endeavour to anticipate the future,it appears highly likely that the year end result will disappoint,based purely on deteriortating global conditions.This warrants great caution.

Diran MajarianManaging DirectorAmalia Tankers Inc

Diamond S. a new business model for shipping?

August 17, 2011

Analysis of:Diamond S getting that OMI feeling | www.tradewindsnews.com

The Diamond S deal with Cido for a US$ 1 bn block purchase of product tankers has been the talk of the town, especially with the involvement of 'King of Bankruptcy' Wilbur Ross who has decided to enter shipping and bankroll a large portion of this project. From the feel of this venture backed by private equity First Reserve and Ross, it seems more likely to be a flip over asset play rather than an effort to create a long-term shipping business like TeeKay with intrinsic value.

Diran MajarianManaging DirectorAmalia Tankers Inc

NewLead in forced asset sales

August 17, 2011

Analysis of:NewLead in struggle to stay afloat | www.tradewindsnews.com

NewLead is reported to be offloading the 135,000-dwt Newlead Spartounta (built 1989) and the 34,700-dwt Newlead Prosperity (built 2003) after breaching a loan with FBB-First Business Bank. They recently hired the Moelis & Company and Fried, Frank, Harris, Shriver & Jacobson to help it fight its debts, which stand at US$ 581.9 mio. The bad news adds to an ever longer list of struggling shipping companies: TBSI, Omega, Top Ships, Zachello, etc. selling assets or fighting with their creditors.

Raymond KalleyChairman and Chief Executive OfficerReliance Capital Group

Growth fears add to dry bulk shipping woes

August 8, 2011

Analysis of:Growth fears add to dry bulk shipping | www.thestandard.com.hk

Growing fears for the world economy signal more pain and even bankruptcies among dry bulk ship owners who are getting rock-bottom rates to carry cargoes like coal and now face a glut of new vessels ordered when times were good. The tougher climate has hit the sector hard this year and confidence is at a record low. Korea Line, South Korea's debt-stricken second largest dry bulk shipping line, is among the casualties. The firm, under court receivership, has filed a restructuring plan to the court.

Raymond KalleyChairman and Chief Executive OfficerReliance Capital Group

Noble Energy: Good chance of large gas find off Cyprus

August 8, 2011

Analysis of:Noble Energy Prepares To Explore Block 12 Of Cyprus | www.oilvoice.com

There has been much interest in the exploration and exploitation of gas off Cypurs,especially after the substantial reserves found off the coast of israel.The potential reserves are very substantial although todate,with the exception of Noble Energy,no new concessions have been awarded.The current political turmoil within Cyprus has created much uncertainty at the moment as to how the future development will be managed.Suffice to say,this area is of great strategic interest to the major powerhouses in the world!

Diran MajarianManaging DirectorAmalia Tankers Inc

TOP Ships: a lemon or an Apple?

August 4, 2011

Analysis of:Top issue on hold | www.tradewinds.no

Top Ships is probably the antithesis to Apple. Apple CEO Steve Jobs was a Reed College drop out who could not live in a structured environment and became a creative entrepreneur for new products. Jobs made millions for himself and his shareholders. Apple is now trades at US$ 384. Evangelos Pistiolis has gone from one ill fated business decision to another. TOPS is currently trading at US$ 2,59 after two reverse splits and just announced US$ 103 mio quarterly losses - a spectacular lemon!

Diran MajarianManaging DirectorAmalia Tankers Inc

Does the CIDO deal mean tanker values are on the upside?

August 3, 2011

Analysis of:Stevenson's spur | www.tradewinds.no

Jonathan Chappell argues that Craig Stevenson's massive US$ 1 bn product tanker acquisition deal to purchase the 30-vessel CIDO fleet is good news for tanker asset values. He estimates a US$ 40 mio price tag per vessel up from his previous US$ 36-37 mio valuation for a three year old tanker. He believes that supply and demand will improve in this sector this year and in 2012 seeing this a 'smart money' deal. I am more skeptical.

Diran MajarianManaging DirectorAmalia Tankers Inc

Omega in bankruptcy: Test case for other weak listed shipping companies

July 26, 2011

Analysis of:Omega filing stokes row about banks | www.tradewinds.no

Omega Navigation (NASDAQ: ONAV) is a product tanker play with fleet of 12 vessels plus a joint venture with Glencore . Most of its fleet is on time charter to Glencore. The fleet is divided between MR and LR 1 units all built in Korea. The company only had really one good year in 2007. It was hard hit by the 2008 meltdown. It had been filing for delays in publishing accounts, but known to be in protracted debt restructuring and suffering from high leverage.

Page : 12345678910Next1 to 10 of 551