Petros Pappas Continued demolition is necessary to balance the market “Continued absence of ordering and acceleration of demolition are required to place a cap on fleet growth for 2019, as 2018 is already almost closed at low prospective delivery levels. … Continued
Stasi Margaronis Dry Bulk shipping market is back in balance “So what we can say now is that we are not able to tell you whether we’re going to see another 2007, 2008 market developing. All we are saying is … Continued
Diana Shipping’s (DSX) CEO Simeon Palios on Q3 2016 Results Anastasios Margaronis If Trump’s criticism leads to action then the effects would be profound “Macroeconomic developments now, the recent election in the United States has seen Donald Trump elected to … Continued
Star Bulk Carriers’ (SBLK) CEO Petros Pappas on Q1 2016 Results Commodity prices appear to have reached bottom ” after more than two years of strong declines commodity prices appear to have reached the bottom during the first quarter of … Continued
Expeditors International (EXPD) is seeing the Chinese economy slow in real-time but says they are trying to making the transition to a consumer driven economy “Despite the general economic slowdown in China, it is still one of the fastest growing economies … Continued
Expeditors International (EXPD) CEO Jeff Musser says global trading is weakening “We knew that comparing our 2016 results to our record year in 2015 would be challenging, especially when considering the current headwinds from slowing global trade.” There is excess shipping … Continued
CH Robinson (CHRW) CFO Andrew Clarke says the macroeconomy remains sluggish “The macro environment remains sluggish. Despite that, we were able to grow our volumes in nearly all services in the first quarter. We will maintain our focus on profitably … Continued
The end of 2014 was disastrous “There is no doubt at the last quarter of 2014 brought a great disappointment to owners and huge movements in earnings of all bulk carriers unfortunately on the downside. A year ago capesize vessel … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Chinese steel demand only … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha Chinese steel growth expected … Continued