First International

Commentary & Opinion


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Elephant in the room

Shipping is not a casino where the chips are ships The market correction has begun, and it will catch out all those owners and operators who failed to see shipping as a long-term game, with transportation at its core. Time has been called for those still at the casino When the going gets tough, observers fall into two camps. The analysts lapse into ‘told-you-so’ mode, and graph out long-term trends that reveal a market correction had been on the cards for several months....


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SHIPPING AND THE STORMS AHEAD

Download speech by ship financier Paul Slater


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Cut your overheads or risk going under

As the outlook worsens in all sectors and China takes a stranglehold on the market, only the strong will survive. As we go through this season of financial reporting the results for 2010 show a seriously worsening situation in all shipping sectors in the fourth quarter of 2010, continuing into the first quarter of 2011.   Click the link to download the full article. Article: Cut your overheads or risk going under Lloyds List  


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Wall Street bearish about shipping

Companies planning a share offering will be pinning their hopes on a dramatic and lasting market recovery. The season of corporate reporting is upon us with final results for 2010 and first quarter of 2011.   Click the link to download the full article. Article: Wall Street bearish about shipping Lloyds List

Paul Slater forecasts trouble ahead

Paul Slater forecasts trouble ahead. Watch his discussion with TradeWinds here: http://www.tradewinds.no/webtv/?id=1394


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Why Wall Street overvalues shipping

Volatile nature of industry means long-term investors have mostly left, to be replaced by hedge funds and traders who distort valuations — so values of most public shipping companies bear little relation to their true value.   Article: Why Wall Street overvalues shipping Lloyds List - February 2011   Click the link to download the full article.  


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The impact of New Financial Regulations in Europe & the USA

Following on from the near collapse of the International Banking System in 2008 it is hardly surprising that Governments in the USA and throughout Europe have been under pressure to institute new regulations and reforms designed to prevent a repeat of the 2008 crisis. Article: The impact of New Financial Regulations in Europe & the USA Ship Finance & Investment Conference 2010 - London, November 16th & 17th Click the link to download the full article.   ...

Listen to Paul Slater on the Lloyds List Podcast

You can listen to the full discussion by clicking here.


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Oil industry doesn’t need my defense

My recent articles about the Gulf oil spill have prompted some of your readers to resort to personal attacks on me which are both ill-informed and offensive.   If spending more than 30 years financing and investing in cargo ships of all types, of which some have carried oil for various oil companies, and as a director of the world’s independent tanker owners association, Intertanko, makes me an insider, then the writers are more ignorant than their opinions...


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The Oil Catastrophe in the Gulf of Mexico

So much has already been written, televised and spoken about the blow-out of the oil well that BP was drilling in the deep waters of the Gulf of Mexico, that one might ask, “what more can be said?”  The well-head is still leaking more than 85 days after the initial explosion, although the latest cap seems to be working.   The clean-up appears to be gaining ground but a large amount of oil still remains on the surface. The finger-pointing...


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Shippers back slow steaming

Download full article by Rajesh Joshi - Wednesday 16 December 2009, Lloyds List.


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Leave the casino and get back to shipping

PAUL Slater has never warmed to the title of shipping’s Cassandra-in-chief, so perhaps the knowledge that people are finally listening will provide him some comfort.   When the forthright chairman and chief executive of First International last dropped into Lloyd’s List for a casual chat, his prophecy that over half of all listed shipping companies were in danger of going bust garnered the level of internet hit rates more usually associated with news stories...


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Shipping in Crisis (part VI)

The Global Economic Recession, Banking System  Collapse and a Shipping Crisis   How Did We Get Here and Where are We Going?   As the leaves of Autumn fall from the trees they are the first signs that winter is just around the corner. Unfortunately, winter has come to the shipping industry early.  In fact shipping’s winter is about to enter its second year.   Download the full article


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Shipping in Crisis: In Recovery or still on Life Support?

As we pass the mid point of this year and survey the financial damage that the Shipping Industry has suffered over the last twelve months is it time to plan for recovery or is there worse to come?   Download full article here.


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Maritime Restructuring Alliance announcement

The Maritime Restructuring Alliance is a maritime financial crisis management and financial restructuring group created to provide hands-on, experienced, executive management of distressed companies and assets through a global network of financial and operating affiliates. With their combined experience, the group's attorneys, bankers, financial advisors, and operators in the global transportation industries distinguish themselves with both the depth and breadth of their experience in...


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Returning to Confidence: How do we get there?

6TH LLOYD’S SHIPPING ECONOMIST GREEK SHIPPING & SHIP FINANCE CONFERENCE , ATHENS MAY 19th 2009Download the 5th Paper in the series “Shipping in Crisis”,  presented by Paul Slater


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Recovery of the Shipping Markets - When and How

MARE FORUM - 4th MARITIME  SORRENTO , ITALY 2009MAY 11th 2009Download the 4th Paper in the Series “Shipping in Crisis” ,  presented by Paul  Slater


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Where to Raise Capital Today

MARE FORUM  - 4th MARITIME  ITALY 2009 SORRENTO MAY 11th 2009Presented by Paul  Slater Download article now


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Banks and Shipowners Relationships Amidst the Crisis

6th Lloyd’s Shipping Economist Greek Shipping & Ship Finance ConferenceATHENS - MAY 19th 2009 Presented by Paul Slater Download article now


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Maritime Restructuring Alliance Announcement

The Maritime Restructuring Alliance is a maritime financial crisis management and financial restructuring group created to provide hands-on, experienced, executive management of distressed companies and assets through a global network of financial and operating affiliates. With their combined experience, the group's attorneys, bankers, financial advisors, and operators in the global transportation industries distinguish themselves with both the depth and breadth of their experience in...