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Interviews

Hellenic shipping companies are investing in their competitiveness, enhancing their contribution to the economy

A few days back, leading consulting group BCG presented its research on the Hellenic shipping industry’s contribution to the local economy. The findings are rather impressive as it was shown that the shipping industry represents over 7% of the GDP, accounts for 165k to 200k jobs impacting over 500k people. In an exclusive interview with Hellenic Shipping News Worldwide, Camille Egloff-Ghicas, Partner and Managing Director in BCG (Boston Consulting Group) Athens and leading the BCG Shipping practice in Hellas, says that the rate of competitiveness of Hellenic shipping companies is ...

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Capesize rates will peak this year well above the current level

This latest surge of the dry bulk market, which has brought it to two-year highs, has been led by the Capesize segment, as a result of low tonnage availability and high cargo demand from China says Jeffrey Landsberg, managing director of US-based Commodore Research & Consultancy, in an exclusive interview with Hellenic Shipping News Worldwide. According to Mr. Landsberg, Capesizes will peak well above today’s peak levels. The shipping analyst had accurately predicted back in 2011that the next upward cycle of the dry bulk market, would occur by the second ...

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Marshall Islands Registry firmly establishes itself as a major flag-state with growth in new shipping markets

The Marshall Islands Registry has firmly established itself as a major flag-state which offers a comprehensive set of services and maintains a global presence. It’s also among the top five registries of choice among Hellenic ship owners. In an interview with Hellenic Shipping News Worldwide, Mr. Theofilos Xenakoudis, head of the Registry’s office in Hellas, talks about the Registry’s presence in Hellas and internationally, as well as its growth plans. He also informs us about the latest developments from a regulatory point of view. How has the 2012 year progressed ...

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Tonnage oversupply to overpower other boosting factors in the dry bulk market

Many analysts have advocated that the dry bulk market is heading towards a moderate recovery starting from 2014 onwards, as a result of improving demand, continuous scrapping of older dry bulk carriers and a less than overwhelming outstanding newbuilding tonnage. But, according to Mr. Yannis Pachoulis, head of shipbroker MegaChart and former President of the Hellenic Shipbrokers’ Association, “there are still issues with the financing of contractual letters of credit, necessary towards assisting global trade growth and as a result helping the shipping market reach higher freight rate levels”. He ...

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Latin America, Africa and many parts of Asia are the new “ports” of growth says APM Terminals

Today’s ports are facing multiple challenges, from improving infrastructure to handle larger vessels, to “must-have” gains in productivity, the list goes on, not to mention the need to have a responsible environmental policy. APM Terminals’ CEO, Mr. Kim Fejfer discusses all of the above in an exclusive interview with Hellenic Shipping News Worldwide. Mr. Fejfer, a member of the Maersk Group for the better part of two decades and CEO of APM Terminals since June 2004, recognizes development opportunities in many parts of Asia, Latin America and Africa, where Nigeria ...

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Cheap ship valuations don’t necessarily mean attractive says VesselsValue

With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as attractive. But is this really the case, when taking into account other factors, like for instance freight rates? VesselsValue’s Adrian Economakis, Strategy Director with the company describes the current and future trends of the ship valuation market. VesselsValue’ service has been established as a leading tool among banks, ship onwers and investors in the maritime industry, seeking accurate valuations of various types of vessels. During ...

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Product tankers to offer better prospects than their crude hauling counterparts says Gibson Shipbrokers

In an interview with Hellenic Shipping News Worldwide, Mr. Steve Christy, Director with Gibson Shipbrokers Consultancy & Research, noted that a series of changes in oil trade patterns, coupled with market fundamentals of supply and demand, are expected to provide added boost in the clean product tanker market trade, rather than the crude tanker markets. He also mentioned that demolition activity is set to keep on rising during the 2013-2015 period, but not at a level strong enough to provide room for a full market recovery. How is oil demand ...

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LNG ship fuels are gathering momentum, in shipping industry’s effort to reduce harmful emissions

In a multi-tier market that differentiates between vessels based on their efficiency, the newly bred “Eco-Ships” will result in significantly improved employment opportunities and earnings for these energy optimised vessels, says Mr. Athanasios Reisopoulos, Vice President, Area Office Southern Europe of Germanischer Lloyd Hellas M.E.P.E. In an interview with Hellenic Shipping News Worldwide, Mr. Reisopoulos discussed the latest measures in effect regarding reducing emissions and better streamlining a ship owner’s operations, the prospects of LNG as a leading shipping fuel, as well as GL’s market-leading products and services, aimed at ...

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Reducing bunker costs requires a holistic approach

When it comes to the rising costs of bunkers, ship owners are often presented with a variety of solutions and choices, both in terms of technology available and in terms of use of new tools. In an interview with Hellenic Shipping News Worldwide, Camille Egloff-Ghicas, Partner and Managing Director in BCG (Boston Consulting Group) Athens and leading the BCG Shipping practice in Hellas, noted that bunker costs are the single largest cost item for shipping companies, representing 35-50% of total costs. BCG recently published a report where it details a ...

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Ship prices to bottom out in 2013 says George D. Gourdomichalis

Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a whole predicted to bottom-out next year, creating the ground for a rebound later on. In an exclusive interview with Hellenic Shipping News Worldwide, Mr. George D. Gourdomichalis, Managing Director of G. Bros Maritime S.A. talks about the dry bulk market’s potential in 2013, which ship types appear to have the best value-for-money and debates the effectiveness of the new breed of “Eco-Carriers”. The Gourdomichalis family ...

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LPG shipping segment enjoyed healthy rebound in 2012 says StealthGas head, Harry Vafias

Fuel efficient ships, or so-called “Eco Ships” will slowly but steadily gain more and more market share, at least as long as the oil prices stay at high levels. In an interview with Hellenic Shipping News Worldwide, Harry Vafias, CEO of StealthGas and the Vafias Group (active in five different shipping markets), talks about the revival of the LPG shipping markets during 2012, the introduction of newer and more fuel efficient vessels in the Group’s fleet, while he also mentions that the best pirate-deterrant so far has proven to be ...

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Gulf of Guinea is the new piracy “hotspot” says maritime security expert

As piracy is an ongoing struggle between the maritime community and navy forces on one hand and pirates on the other, a new dangerous “hotspot” has been on the rise. According to maritime security company Actus International Security (www.actussecurity.com), the Gulf of Guinea is proving to be a new place for ships to take close care of and be vigilant. In an interview with Hellenic Shipping News Worldwide, the company’s Managing Director, Helen Mitchell, says that “piracy in the Gulf of Guinea tends to be ‘smash and grab’, where the ...

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Ships with armed guards have never been hijacked by pirates claims LSS – SAPU

Modern-day piracy is one of the most important issues the global shipping industry is having to deal with. Hijackings by pirates operating in vast sea areas, both in East and West Africa, in areas like Somalia and Nigeria, are always a danger vessels are faced with. In an interview with Hellenic Shipping News Worldwide, Mr. Alexandros Theodosios Kontos, Operations Manager of LSS – SAPU leading maritime security experts (http://www.lss-sapu.com/), argues that not a single vessel with armed security on board has even fallen prey to pirates, despite the attempted attacks. ...

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WatchStander provides non-leathal solution to pirate attacks

Modern day piracy is a costly issue for ship owners and many other stakeholders in the maritime industry. Although the latest report from International Maritime Bureau (IMB) has indicated that the number of attacks have been falling, it’s only as a result of hefty counter measures and increased navy patrols that this has occurred. Not to mention that the fall in Somali piracy has been partly offset by the rise in piracy incidents of the coast of West Africa. As a result, the evolution of cost-effective and more efficient measures ...

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Container shipping fleet to be increased by 18% by the end of 2013, calling for urgent cost-cutting measures by carriers

In a recent report, the Boston Consulting Group called for immediate action by container carriers, in order to avoid further losses, most of which were self-inflicted, as a result of price wars and intense competition. In an interview with Hellenic Shipping News Worldwide, Camille Egloff-Ghicas, Partner and Managing Director in BCG Athens and leading the BCG Shipping practice in Hellas, mentioned that only a comprehensive end-to-end approach to bunker costs can generate the results needed. This not only entails fleet optimization, technical improvements, better voyage planning, improved procurement, but also ...

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