GLG News by VLCC Experts

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Overcapacity More Of An Issue For Dry Bulk Than Slackening Demand

May 19, 2008

Threat of dry bulk doomsday scenario is real | lloydslist.com

There is no doubt that world GDP has a strong correlation to dry bulk shipping rates, but the short-term problem is impending oversupply, rather than slackening demand.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Real Cancelations Of Dry Bulk Ships Will Be Minimal

May 16, 2008

Shipbuilding Torpedoed by Subprime Causes Cost Surge (Update1) | www.bloomberg.com

While the combination of escalating steel prices, inexperienced shipyards, and the credit crisis may conspire to effect the cancelations of some contracts, the impact on actual ships built will be minimal.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Size Still Does Matter In Offshore Supply

May 8, 2008

Tidewater profit misses Street view, shares fall | www.reuters.com

While Tidewater (NYSE:TDW) reported a year on year drop of 2.5% in earnings, the sky is not yet falling.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

First Ruling Not Good For Jones Act Operators

April 25, 2008

Ship axed from Jones Act | www.tradewinds.no

A surprisingly quick, but predictable ruling by a Federal judge has created significant uncertainties for many Jones Act operators. 

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Hapag-Lloyd A Great Fit For NOL

April 24, 2008

NOL gets clear run on Hapag | www.tradewinds.no

As other likely strategic buyers seem to be backing away, NOL is emerging as the leading bidder for TUI's Hapag-Lloyd.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

VLCC Conversion Problems Are Predictable

April 11, 2008

Trouble on VLCC conversion front | www.tradewinds.no

Reports of stress fractures on the Hebei Innovator, one of the first VLOC conversions, is likely to be a common problem for other conversion vessels.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Petrobras OSV Order Not Good News for Oilfield Support Industry

April 10, 2008

Brazil preps huge order | www.tradewinds.no

Tradewinds reported that Brazilian oil major Petrobras is preparing to announce a $10b order for 100 OSV's to serve their offshore segment.  With a world order book already prompting experts to predict a glut by 2010, this is not welcome news.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Consolidation In The PR Jones Act Market A Good Thing

April 10, 2008

Trailer Bridge buyers crowd thins | www.tradewinds.no

Jones Act liner shipping company Trailer Bridge (Nasdaq:TRBR) appears headed for a takeover by rival Crowley Maritime.  TRBR's market, the Puerto Rico trade, has been beset by overcapacity and anemic demand.  Consolidation should improve rates.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Conversions Not A Significant Issue In The Short Term

March 24, 2008

Conversion tally climbs even higher | www.tradewinds.no

A new Clarkson's report indicates that the number of potential tanker conversion candidates are even higher than earlier reported, raising the issue of a potential positive impact on tanker rates and negative impact on dry bulk rates.  Neither is likely to happen before mid-2009.

Craig Marston, Managing Director

Craig MarstonManaging DirectorCEM Marine 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Tough Year For The Transpacific Trade

March 24, 2008

Experts predict bleak picture for 2008 West Coast shipping year | www.americanshipper.com

Speakers at the 2008 Annual Peak Season Forecast Conference in Long Beach cast a gloomy view of the transpacific container shipping market.

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