Bridging the Gap Between Leadership and Management

  By Jaquelyn Burton (Coeval, Inc.) Master. Captain. Skipper. Whatever your preferred term; they are loved and feared for their leadership and management skills, or sometimes a lack thereof. Vessels have for centuries been small enclaves of dictatorial managers - from the age of exploration until after WWII. Ships had been crewed without thought of … [Read more...]

Evergreen Shipping Founder Bequeaths Fortune to Charity

According to Forbes, the net worth of Evergreen's Founder and Group Chairman, Chang Yung-fa, is in the range of $1.6 Billion, and he is listed number 782 among the world's billionaires. Born in Penghu, an island chain off the western coast of Taiwan in 1927, he entered the shipping business directly after high school in Taiwan and over the years he progressed through the … [Read more...]

Shipowner Defaults, Your Ship Gets Arrested in Port, Now What?

The shipping industry has certainly seen better days, which for some shipowners, has put them in a financial bind.  A recent example is the VLCC Samho Dream which was recently sold at auction after the owner defaulted on it's bank loans. So what happens with the crew in that situation? In Thome Ship Management's December newsletter, they talked with two of their captains … [Read more...]

To Build or Not to Build: A Financial Analysis of Building a Ship

Executives of publicly traded shipping and offshore drilling companies have a legal duty to act in the interest of the shareholders of their respective organizations. To fulfill this duty, executives and their financial managers must identify and undertake honest and ethical investment opportunities that offer a greater investment return than shareholders would otherwise be … [Read more...]

BP Chief Plays Down Idea of a Breakup

Image by Alastair Grant/AP LONDON -- BP PLC shares fell Tuesday amid investor frustration at the company's growth strategy in the wake of the Gulf of Mexico oil spill and disappointing second-quarter results. Chief Executive Bob Dudley said BP isn't about to break itself up, as some analysts have suggested, adding his top priority is to stabilize the company after last … [Read more...]