MARKET COMMENTARY – FEB 2012

dragon

ONE down and eleven to go and, rather predictably, we're Costa heavy this month. And, as Chinese New Year celebrations come to an end and we enter the Year of the Dragon, special events are on our minds…

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COSTA LOTTA MONEY

costa concordia

NOBODY in the shipping industry wants to be reporting on a tragedy like that which overtook the Costa Concordia on Friday the 13th and it is sad irony that only two days previously a Maritime London seminar on the salvage issues relating to large containerships warned that shipping would sooner or later face its Deepwater Horizon moment…

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TITANIC EFFORTS

sos lifebelts

THE lessons learned from the Titanic – enshrined notably in the Safety of Life at Sea Convention – form the theme for World Maritime Day this year, and sadly the Costa Concordia has proved a sad reminder of what can go wrong.

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EVERYBODY HURTS

AT the height of their musical powers, R.E.M. wrote some of the loveliest songs in rock music. In 'Everybody Hurts' the singer gives comfort to some poor soul who's life isn't going too well. The lyrics of that song spring to mind when thinking about the tough times being endured by our friends in Greece…

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GREEK LOVE

greek flag

NO shouting matches this year at the Piraeus Marine Club's annual P&I seminar, admirably organised by Evmar Marine Service's Maria Prevezanou. Instead, a good deal of sobre consensus in light of current news. Casualty management was already on the agenda, the MV Rena having seen to that.

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P&I PARTICIPANTS DONATE 20,000 EUROS

palm of hand

NOW, if you think we're biased in our love of all things P&I, you'd be right. Since Spinnaker was established in 1997, P&I recruitment has been a core part of what we do. Our professional services team have the insurance and legal industry to thank for their very existence no less!

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OSCAR HITS GBP 320,000

oscar research

SHIPPING'S OSCAR campaign for Great Ormond Street Hospital for Children received a further boost due to the generosity of the London Tanker Operations Party last month at which a rumoured 900 shipping bods gathered at the HQ of the Honourable Artillery Company to pretend that the tanker market was still in good shape.

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BULLY BOSSES

boss is a bully

HERE at Spinnaker we always ask job seekers what their motivation is for making a move and we usually find, as do countless surveys, that money is not the most important factor in deciding to change jobs. Therefore, it comes as no surprise to read in The Recruiter that working for a bad boss is a major motivator for changing jobs.

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