GLG News by VLCC Experts

Craig MarstonManaging DirectorCEM Marine

FFA Gamble Rolls Snake Eyes

October 23, 2008

Analysis of:ICI hits rocks | www.tradewinds.no

The bankruptcy filing by Industrial Carriers Corp (ICI) is likely to be replicated many times over the next two years, but will not affect a significant percentage of drybulk operators.

Craig MarstonManaging DirectorCEM Marine

Current Low Rates For Dry Bulk Shipping Will Not Persist

October 23, 2008

Analysis of:Sector Snap: Drybulk shares sink on demand worries | biz.yahoo.com

Spot rates for dry bulk shipping have dropped below variable operating costs.  Fundamentally, this should not be the case.  Rates will recover.

Craig MarstonManaging DirectorCEM Marine

Kuhne Paid Way Too Much

October 16, 2008

Analysis of:"Extremely high" | www.tradewinds.no

The Albert Ballin consortium, led by Klaus-Michael Kuhne, admitted to Tradewinds that they paid an "extremely high" price for Hapag-Lloyd in an effort to keep the company away from NOL.  The move was based upon Nationalistic emotions, not business metrics.

Jonathan FefferPresidentJF Maritime, Inc.

Drop in shipping markets

October 14, 2008

Analysis of:US Banks Move into Covered Bonds | www.efinancialnews.com

Demand for commodities carried bulk diminishing Shipyard order book very large Older vessels retained in servicefor recent higher earnings Finamcial constraintes affecting ship yards and ship owners

Craig MarstonManaging DirectorCEM Marine

Dry Bulk Shipping Looking Gloomy For Many

October 13, 2008

Analysis of:China cuts back | www.tradewinds.no

Declining demand for iron ore, the credit crisis, and gloomy economic forecasts have led to an early decline in dry bulk shipping rates.  For many speculative ship owners, the future is bleak.  This will create opportunities for owners without liquidity problems.

Craig MarstonManaging DirectorCEM Marine

Wrong Timing For Shipyard Consolidation

August 28, 2008

Analysis of:Usual suspects | www.tradewinds.no

Tradewinds reported that the list of suitors for the 50.4% stake being offered in Daewoo Shipbuilding & Marine Engineering (DSME) includes Hyundai Heavy Industry, Posco, the GS Group, and Hanwha Group.  Analysts expect a bidding war to result.  While a great time for sellers to unlock the value of the business, this is a terrible time for the competitors to acquire Daewoo. 

Craig MarstonManaging DirectorCEM Marine

Jinhui Too Optimistic

August 28, 2008

Analysis of:Macro meltdown? | www.tradewinds.no

Jinhui Shipping & Transportation (Oslo:JIN.OL) reported record profits and simultaneously warned of weaker medium term prospects.  The company rightly cited macroeconomic concerns on the demand side, but is overly optimistic related to the supply side.

Timothy NashFounderTim Nash Consultancy

U.S. LNG Export

August 27, 2008

Analysis of:Freeport LNG applies to export gas imports | www.ogj.com

Do not expect USG LNG exports anytime soon. The LNG is not available from the US. The infrastructure is not available to make LNG in the US Gulf. The U.S. political winds would not permit energy exports in this market.

Craig MarstonManaging DirectorCEM Marine

NOL Likely To Acquire Hapag-Lloyd

August 27, 2008

Analysis of:NOL will not pay over the odds for Hapag | www.lloydslist.com

Despite the 4b Euro "minimum" price that TUI is placing on Hapag, opposition from Hamburg, and a very conservative acquisition history, NOL is very likely to be the successful bidder.

Craig MarstonManaging DirectorCEM Marine

Credit Crunch Not A Factor For Overall Shipbuilding Industry

August 20, 2008

Analysis of:Credit Crunch Spreads to Shipyards | www.marinelink.com

The impact of the "credit crunch," while real for individual companies, is not a factor for the overall shipbuilding industry.  The few building slots that have been canceled by owner default have been readily resold at higher margins.  The drop-off in post-2010 orders has its roots in oversupply of new ships and shipbuilding capacity.

Previous Page : 12345678910Next51 to 60 of 384