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United Arab Shipping Company closed a $1,251m multi-tranche syndicated loan facility for the partial financing of seven 14,000teu container ships and five 18,000teu container ships.
JBHT: STATUS QUO GM: PARTNERSHIP UPDATEEXPD: NOT SO BULLISHEXPD: LEGAL RISK UPDATE WTC: LOOKING FOR DIRECTIONTSLA: SERIOUS STUFFF: STOP HEREDSV: BOUNCING BACK HD: NEW DELIVERY PARTNERSKNX: SOLID UPDATE PG: WORST CASE AVOIDEDKNX: KEEP ON TRUCKING GM: UPGRADE
JBHT: STATUS QUO GM: PARTNERSHIP UPDATEEXPD: NOT SO BULLISHEXPD: LEGAL RISK UPDATE WTC: LOOKING FOR DIRECTIONTSLA: SERIOUS STUFFF: STOP HEREDSV: BOUNCING BACK HD: NEW DELIVERY PARTNERSKNX: SOLID UPDATE PG: WORST CASE AVOIDEDKNX: KEEP ON TRUCKING GM: UPGRADE
Comment on this article
Michael Kusuplos
December 20, 2013 at 3:46 pmYet another carrier continuing the practice of ordering super size container vessels. Seems that all the major carriers understand these moves have brought about the current over capacity situation that the global container market is in currently. But, most have taken the tact that this over supply really does not apply to me, because my business plan is different.
These seemingly never-ending actions on the part of the Giants of this industry remind me the words of Albert Einstein: Insanity: doing the same thing over and over again and expecting different results.