John C. Wobensmith - Genco Shipping & Trading


Last quote by John C. Wobensmith

What we're looking at going forward are the new production projects that are coming on from Brazil and Australia on the iron ore front which will increase volumes not only this year but also significantly next year as well - which has been very positive obviously from a volume standpoint. What we really wanted to do was position this company so it was in a position of strength to try and consolidate this industry and now that we've started to see the beginning of the recovery, we think it's the right
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Mar 08 2017
John C. Wobensmith has been quoted 3 times in 2 different articles. On this page, you will find all of John C. Wobensmith’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that John C. Wobensmith speaks about are road and industry, for example. Most recently, John C. Wobensmith was quoted in the article Shipping consolidation ahead as industry sails on from three decade lows saying, “Last year we probably saw the low and it was a 30-year low in terms of freight rates and asset values and now we're starting to see just the very beginning of a recovery. There were just too many ships that were built and delivered and we've seen a real slowdown in the number of ships that have been coming on to the water. The order book on ships is at its lowest point since 2002, it's only 9 percent of the existing fleet right now, and that's been helpful.”.
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