Singapore: The latest issue of Maritime CEO magazine, a sister title to this site, goes live online today. On the cover is the elusive, mercurial Nobu Su, who runs Taiwan’s Today Makes Tomorrow (TMT), a man whose fortunes have taken a battering with the shipping downturn.
In an extremely rare media interview, Su confesses, given his time again, he would have played things differently.
“The freight was not decided in the normal competitive way,” he recalled, adding: “It is decided in a very anti-competitive way. I did not get this feeling for a long time. So If I knew, I would not invest so largely, like $7bn in orders at two major Korean shipyards. I would have played it differently.”
Su is not the only hard-up owner profiled in the current issue — Yudhishthir Khatau from Varun Shipping in Mumbai, tells readers where it all went wrong for his company in another surprisingly frank interview.
In total, the latest edition of Maritime CEO carries the thoughts and insights of 24 shipowner bosses.
The full magazine can be accessed here. [25/08/14]