Marine Money Launches Tanker Index

Recently we got a callfrom a loyal reader of Freshly Minted (FM) noting that while the data regarding the “New York Liquid Bulk Peers Share Performance” chart that has appeared in most editions of FM of late and has evolved over the year to include more and more data, was interesting but “What does it really mean”. Well, that reader knows who they are and in fact most weeks we get a call from this person and we love and encourage further feedback.

The initial response to the question of what the data means was one akin to “Make of it what you will.” We have produced estimates on a range of tanker companies and were hoping to give a basic knowledge of some of the share performance of the companies noted. However this combination comment/question resonated. While each contingent part of the data has relative and varying degrees of importance with each company, and is therefore a valuable piece of information, why have all the data and not at least try to benchmark it? Continue Reading

From the Editor: BIG DECISIONS

Each month it seems that, even if we did not try to accomplish such, Marine Money has an underlying theme. In fact this Editor does not even like themes too much: try to concentrate too much on one subject and one lacks the broad perspective to be creative within a single subject. This particularly applies to shipping where everything overlaps: everyone knows everybody, shipyards build many types of vessels, ports handle many types of cargoes, brokers have clients big and small, owners often have diversified fleets and all in the industry have to make huge, empirically and subjectively, decisions to stay afloat, excuse the industry pun.

No other image can be more representative of the scope of shipping decisions than Loews/Papachristidis taking delivery of four ULCCs this year, the first of which was delivered this March. Pictured on the cover, we covered the ULCC market in the March 28th Freshly Minted (our weekly online service).

Continue Reading