They said it ...

Posted by Irina Tabakina

“While the dry cargo market was depressed in most of 2014, the year ended with sharply increasing rates in the tanker market, and our tanker department generated the best results since 2008. The strong tanker market has continued into 2015.”

Klaus Nyborg, interim CEO at  Dampskibsselskabet NORDEN A/S


“People keep losing sight of the fact that about 90 percent of all goods are transported by sea – but only 4 percent of the emissions are related to vessels. However, ships must fulfill the strictest rules. I think this is completely incomprehensible.”

Alfred Hartmann, ship owner and new President of the Association of German Shipowners (VDR).


“No one saw this [price collapse] coming. It was like a left hook out of nowhere.”

Joseph Bennett, EVP and Chief Investor Relations Officer, Tidewater, Inc., on rapid decline in oil pricing from mid-2014 to today.

“We need to make sure the technology we adopt is reliable and that does not necessarily mean having the most sophisticated technology.”

Vivek Seth, CEO, Halul Offshore Services

(As published in the April 2015 edition of Maritime Reporter & Engineering News -

Maritime Reporter Magazine, page 13,  Apr 2015

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.