‘Shipshape 10 List’, a list of news and articles published in the current week that a senior executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had noticed; news and articles that are shaping the agenda and the course of the maritime industry.
Sometimes seemingly tangential, periodically humorous, occasionally sarcastic, sporadically artistic, inferentially erotic, but always insightful and topical.
And, this week’s ‘Shipshape 10’:
Talking about destruction of value for the sellers…
1. Borr Drilling to buy Transocean’s jack-up rig fleet for $1.35bn (Seatrade Maritime)
and, the riskiness of the offshore drilling markets…
2. Shell’s Titanic Bet: Can Deep-Water Drilling Be Done on the Cheap? (The Wall Street Journal)
when, oil majors start thinking beyond oil…
3. Big Oil Replaces Rigs With Wind Turbines (Bloomberg)
But, some shipowners too think cleaner energy
4a. World’s First LNG-Fuelled Aframax Tankers Ordered (The Maritime Executive)
But, in the mainstream shipping world, another week, another bailout or blowout …
5a. Korean Shipbuilder Seeks Another Bailout (The Wall Street Journal)
But, some publicly listed companies going long the market, but paying in paper mostly, no hard cash…
7a. BW Sells All Its VLCCs to DHT Holdings (Splash 24/7)
A highly recommended private equity fund implodes; only noteworthy to shipping since they were the first to enter shipping in JV-style post financial crisis looking for distressed value; Euromar platform with publicly listed Euroseas (Ticker: ESEAS)
8. Eton Park to Shut Down as $3 Trillion Hedge Fund Industry Faces Turmoil (The New York Times)
Looking for maritime college education, look no further than the State University of New York Maritime College at Fort Schuyler, just outside New York City.
9. The Young Mariners of Throgs Neck (The New York Times)
And, finally, a story when passion and avocation turn into a (profitable) vocation. We could not argue against seafood and especially New England lobster!
10. A Restaurant’s Sales Pitch: Know Your Lobster (The New York Times)
IMPORTANT DISCLAIMER: Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website. Thank you for the consideration.