Paul Slater
Latest From Paul Slater
Why has shipping got it so wrong?
The objectives of many investors in the publicly quoted companies were to chase short-term gains in ship values while cutting costs in all directions
A long winter for shipping
Excess ship supply and declining values, combined with a lack of funding, provide a gloomy outlook
A wintry outlook for shipping
A closer relationship between shipowners and cargo interests is essential
Hanjin: Tip of the iceberg
Shipping companies have grossly over-ordered new ships that have been delivered into a stagnant global economy that has continued to decline
The shipping finance crisis
It is now clear that the demands for shipping services are way below the availability of the fleets of existing ships in most sectors
Shipowners have only themselves to blame
The excess capacity of ships in most sectors comes from reckless disregard of economic fundamentals