SEA BREEZES SEPTEMBER 2009 • VOL 83 • NO. 765
Particularly pleasing this past month was the announcement that for the second time Cammell Laird has won the prestigious Wirral ‘Business of the Year’ title. Cammell Laird have had a roller coaster ride for some years now. In the right hands and with a responsive workforce, it will once again become a force to be reckoned with. Good luck to the new Cammell Laird’s team.
Such cheery news as above is not shared by many others in the shipping business.
Hapag Lloyd are seeking a cash injection as they face up to the credit crunch world we now seem to inhabit. Bank Line look to have fallen victim to a major re-organisation by the Swire Group. Overcapacity on some routes will see Evergreen returning chartered vessels to their owners, with other more elderly vessels, voyaging to the breakers yard. Some ship owners have used insolvency claims in their contracts to cancel their orders, with Gebrüder Winter refusing to take delivery of two 1,600 TEU ships which were nearing completion and it is understood that another owner is understood to have cancelled their order for six 2,800 TEU ships. All of which spells disaster for the Wadan shipyards.
Keep well and all good wishes.
Captain Andrew C. Douglas (Editor)