Welcome to MarineNet!

dbg

日本海事新聞ニュース Japan Maritime Daily Jun 10, 2025 (Tue)

TradeWinds’ forum, Marinakis of Capital Maritime states disappointment with investing the green vessels

Mr. Marinakis

　On June 4, the British newspaper TradeWinds (TW) held a Shipowners Forum at the International Shipp ・・・続きはログインして下さいnext %E3%80%80On+June+4%2C+the+British+newspaper+TradeWinds+%28TW%29+held+a+Shipowners+Forum+at+the+International+Shipping+Exhibition+Nor-Shipping+held+in+Norway.+Speaking+at+the+event%2C+Evangelos+Marinakis%2C+chairperson+of+major+Greek+shipowner+%3Cb%3ECapital+Maritime%3C%2Fb%3E+%26+Trading%2C+said+of+the+company%E2%80%99s+aggressive+investment+in+new+ships+capable+of+running+on+alternative+fuels%2C+%E2%80%9CFrankly%2C+we+are+very+disappointed.+We+are+not+generating+revenue+that+is+commensurate+with+the+additional+investment.%E2%80%9C%3Cbr%3E%E3%80%80Marinakis+spoke+with+the+paper%E2%80%99s+editor-in-chief+and+answered+questions+about+environmental+issues+and+portfolio+management.%3Cbr%3E%E3%80%80The+Capital+Group+led+by+Marinakis+has+a+fleet+of+about+150+vessels.+Ship+types+are+diverse%2C+including+tankers%2C+container+ships%2C+bulkers%2C+LNG+%28liquefied+natural+gas%29+carriers%2C+and+liquefied+CO2+%28carbon+dioxide%29+carriers.%3Cbr%3E%E3%80%80Recently%2C+the+company+has+been+actively+investing+in+ships%2C+taking+advantage+of+the+favorable+shipping+market.+The+company+has+been+proactively+placing+orders+for+environmentally+friendly+ships%2C+such+as+dual-fuel+LNG+ships+and+battery+hybrid+model+propulsion+ships.%3Cbr%3E%E3%80%80Marinakis+pointed+out+the+additional+costs+of+environmentally+friendly+ships+and+said%2C+%E2%80%9CI+think+we+can+get+a+premium+that+justifies+the+additional+investment+in+two+to+four+years%2C%E2%80%9C+indicating+that+it+will+be+some+time+before+environmentally+friendly+ships+are+properly+valued.%3Cbr%3E%E3%80%80Regarding+the+Capital+Group%E2%80%99s+business+operations+involving+various+types+of+ships%2C+he+said%2C+%E2%80%9COur+deep+knowledge+of+a+wide+range+of+sectors+is+one+of+our+greatest+strengths.+It+is+rare+for+market+conditions+for+all+ship+types+to+be+good+or+bad+at+the+same+time.+Each+one+presents+an+opportunity.%E2%80%9C%3Cbr%3E%E3%80%80Marinakis+is+also+known+as+the+owner+of+the+Greek+professional+soccer+team+%E2%80%9COlympiacos%E2%80%9C+and+the+English+professional+soccer+team+%E2%80%9CNottingham+Forest.%E2%80%9C%3Cbr%3E%E3%80%80Nottingham+Forest+made+great+strides+in+the+league+but+missed+out+on+qualifying+for+the+UEFA+Champions+League.+%E2%80%9CAfter+30+years+away+from+the+European+stage%2C+they+have+finally+returned+and+fans%E2%80%99+dreams+have+been+restored.+They+will+definitely+play+in+the+Champions+League+next+time.%E2%80%9C%3Cbr%3E%E3%80%80Lars+Barstad%2C+CEO+%28Chief+Executive+Officer%29+of+Frontline+Management%2C+a+major+Norwegian+crude+oil+tanker+company%2C+also+spoke+with+TW%E2%80%99s+editor-in-chief.+He+spoke+about+his+aims+in+acquiring+24+VLCCs+%28Very+Large+Crude+Carriers%29+in+one+go+from+the+Belgian+shipping+company+CMB.TECH+%28formerly+Euronav%29+for+%242.35+billion.%3Cbr%3E%E3%80%80Barstad+said%2C+%E2%80%9CWe+started+coming+up+with+the+idea+around+the+beginning+of+2020.+The+only+certain+truth+is+supply+and+demand.+Oil+consumption+has+been+growing+steadily%2C+but+the+order+backlog+in+2020+was+lower+than+in+2002.+Therefore%2C+we+have+proceeded+with+strategic+investment+and+asset+acquisition.%E2%80%9C%3Cbr%3E%E3%80%80Asked+whether+the+company+would+continue+to+operate+with+a+focus+on+the+spot+market%2C+he+replied%2C+%E2%80%9CThe+value+we+provide+to+investors+is+exposure+to+the+highly+volatile+crude+oil+shipping+trade.%E2%80%9C%3Cbr%3E%E3%80%80He+added%2C+%E2%80%9CRisk+management+is+also+important.+We+have+a+one-third+rule+in+place+within+the+company.+To+avoid+bankruptcy+in+a+market+downcycle%2C+we+lock+in+a+third+of+our+revenue+and+cover+a+third+of+our+costs%2C+including+fuel.%E2%80%9C%3Cbr%3E%E3%80%80Regarding+the+issue+of+the+Dark+Fleet+%28shadow+fleet%29%2C+which+transports+crude+oil+and+other+goods+subject+to+sanctions%2C+he+pointed+out+that+it+is+%E2%80%9Cextremely+serious.%E2%80%9C+He+expressed+concern+that+%E2%80%9Ca+parallel+market+has+been+formed+where+companies+are+not+competing+under+the+same+rules+as+legitimate+shipping+companies.%E2%80%9C%3Cbr%3E%E3%80%80%E2%96%A0+Concerns+over+disregard+for+international+regulations%3Cbr%3E%E3%80%80Rolf+Thore+Roppestad%2C+CEO+of+Gard%2C+a+Protection+%26+Indemnity+Insurance+%28P%26I%29+company%2C+also+spoke+at+another+session+and+spoke+about+the+Dark+Fleet.+%E2%80%9C25%25+of+tankers+operate+in+markets+that+ignore+international+regulations.+This+will+fundamentally+undermine+the+cooperative+model+that+has+functioned+the+international+insurance+system+for+125+years%2C%E2%80%9C+he+said.%3Cbr%3E%E3%80%80From+the+financial+industry%2C+Andrian+Dacy%2C+CEO+and+CIO+of+J.P.+Morgan+Asset+Management%E2%80%99s+Global+Transportation+Group%2C+took+part+in+a+panel+discussion+titled+%E2%80%9CShipping+in+a+Divided+World.%E2%80%9C%3Cbr%3E%E3%80%80Regarding+the+future+state+of+the+shipping+market%2C+he+said%2C+%E2%80%9CThe+past+five+years+have+been+a+kind+of+bubble.+Currently%2C+there+is+a+lack+of+upward+pressure+on+the+market%2C+while+there+is+also+the+possibility+of+a+downside+risk.+Meanwhile%2C+supply+constraints+are+stronger+than+ever.+Shipyards+in+Japan+and+South+Korea+continue+to+face+labor+shortages.+Chinese-built+ships+may+face+allocation+constraints%2C+putting+a+brake+on+supply.+The+supply-demand+balance+is+likely+to+remain+tight.%E2%80%9C%3Cbr%3E%E3%80%80%E2%96%A0+Continue+placing+orders+with+China%3Cbr%3E%E3%80%80Due+to+the+port+entry+fee+system+that+the+United+States+Trade+Representative+%28USTR%29+plans+to+introduce%2C+some+companies+are+reluctant+to+build+ships+in+China.+Regarding+this%2C+Marie-Caroline+Laurent%2C+group+senior+vice+president+of+MSC+Group%2C+which+owns+major+container+shipping+companies%2C+said%2C+%E2%80%9CWe+have+no+plans+to+change+our+overall+shipbuilding+strategy%2C%E2%80%9C+indicating+the+company%E2%80%99s+intention+to+continue+placing+orders+with+China.%3Cbr%3E%E3%80%80Regarding+the+United+States%E2%80%99+efforts+to+revive+its+shipbuilding+industry%2C+Laurent+said%2C+%E2%80%9CThat%E2%80%99s+a+very+good+argument.%E2%80%9C+%E2%80%9CWe+need+more+building+capacity%2C+but+we+need+the+government+to+understand+that+this+is+not+something+that+can+be+achieved+immediately.+The+nation+must+play+its+role+in+maintaining+it+as+a+strategic+asset%2C%E2%80%9C+she+said.%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E