The Fortnightly Delightfully Brief, Pithy And Wholly Idiosyncratic Newsletter - April 1, 2012, Volume 1, Edition 6


In This Issue:

• A Short Straw in the Wind?

• Guards vs. Pirates

• The Bad and The Ugly: The TSA and TWIC Saga

• Urgings

Excerpt from "A Short Straw..."

Delightfully Brief

I think the market may be turning. Well, there are a few straws in the wind. Scrap prices are falling suggesting use of older tonnage is rising (the fixtures seem to concur), rates in some sectors are firming, the smart money is selling relatively new ships apparently to buy in the newest overbuilds at rock-bottom prices, OSG may survive, some tanker gunslingers may not. Even though the banks are not lending and bankruptcies are increasing, there is no reason a purge of the system cannot occur as it is re-integrating. JIT inventory is not dead, slow steaming to save money demands more tonnage afloat for capacity, money is loosening a little, green is seen as economical. However, let me be perfectly clear. It is not the despair that gets you in this business. It is the hope.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© John A. C. Cartner, Cartner & Fiske, LLC | Attorney Advertising

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