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Thursday 3 Sep 26 | |||||||||||||||||
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"The power of accurate observation is frequently called cynicism by those who don't have it." G. B. Shaw |
BOW WAVE 364Bow Wave Issue 364--Seething Lane Editionnews and views on trade, insurance and riskBow Wave homepage
In this issue:1. Welcome 1. WelcomePoem of the Week Doctors They work with herbs If the doctors cure Anne Sexton, from The Awful Rowing Toward God New Readers this week include:- Bas Ouwens of Dutch P&I in Rotterdam News of Readers UK container pioneer Kerry St.Johnston has died aged 75 Readers Write From Alan B Knott What are the advantages of the Azipod (Bow Wave Issue 363) I believe that some of the advantages of the Azipod are: --Main engines can be sited remotely from Azipod thereby ' 'optimising' the layout of the ship; On another point - the Tourism Expert who knows Contact him at:- AfterOfficeHours News The latest edition of the Maritime Advocate online (Issue 278) can be accessed by clicking on the link below. http://afterofficehours.com/news.php Readers who would like to subscribe to this highly readable fraternal publication--which is edited by Chris Hewer and published free to Readers--should send an e-mail to:- contactus@afterofficehours.com Note from the Editor About in Seething Lane, home of your editor's new office at BML, we met Andrew Graham, now with MOL Tankships, at lunch in the park, who warmly commended the biography by Claire Tomalin called Samuel Pepys-The Unequalled Self, (2002). He is quite right. Enjoy! 2. ScuttlebuttDefinition 1: Drinking water on a sailing vessel was stored in a barrel or "butt". The butt was "scuttled" by drilling holes in it so that the sailors could get to the water. The water barrel or "scuttlebut" became the place where sailors met to exchange gossip. Definition 2: A newsletter by HSBC insurance brokers to keep you informed about news from the world of marine insurance and P&I To read back issues go to: http://www.insurancebrokers.hsbc.com/hsbc/marine/publications To ask for the latest edition contact Nick Riddle at:- 3. Limitation and Pollution: Are You Charging Enough?To Tower Place East to listen to Anthony Archibald's presentation on maritime limitation, lately given in Tokyo before the IUMI delegates. Are underwriters making enough allowances in the rates, and charging enough in the face of this relentless drift upwards of maxima? See his presentation at the Legal and Liability Open Forum:- http://www.iumi.com/Conferences/2006_Tokyo/Tokyo.htm 4. Long Summer of ShippingTo the IMIF dinner in Portman Square, presided over by the evergreen Jim Davis who invites 350 maritime people to dinner each year to remind them of the trend of matters. He quotes Martin Stopford saying that the current boom of shipping is the longest since 1774. Will it go on and on in 2007? Not everyone is so sure. Fred Doll's paper given at the annual Ship Finance Conference this week is certainly food for thought http://www.dollship.com/Index.asp?Content=Presentations 5. Shipspotter SiteCourtesy of Peter Rygaard Anderson we are reminded of this enthusiasts' site which claims to have 260,000 ship images in its archives. To view you will have to register http://www.shipspotting.com/modules/altern8news/ 6. And Finally...Here is a bit of encouragement for those Readers who labour hard in the cause of innovation, courtesy of the highly creative Frazer Hunt in Sydney:- "Computers in the future may weigh no more than 1.5 tons." Popular Mechanics, forecasting the relentless march of science, 1949 ************ "I think there is a world market for maybe five computers." Thomas Watson, chairman of IBM, 1943 ************ "I have travelled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won't last out the year." The editor in charge of business books for Prentice Hall, 1957 ************ "But what ... is it good for?" Engineer at the Advanced Computing Systems Division of IBM, 1968, commenting on the microchip. ************ "There is no reason anyone would want a computer in their home." Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977 ************ "This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us." Western Union internal memo, 1876. ************ "The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?" David Sarnoff's associates in response to his urgings for investment in the radio in the 1920s. ************ "The concept is interesting and well-formed, but in order to earn better than a 'C,' the idea must be feasible." A Yale University management professor in response to Fred Smith's paper proposing reliable overnight delivery service. (Smith went on to found Federal Express Corp.) ************ "Who the hell wants to hear actors talk?" H.M. Warner, Warner Brothers, 1927. ************ "I'm just glad it'll be Clark Gable who's falling on his face and not Gary Cooper." Gary Cooper on his decision not to take the leading role in "Gone With The Wind. ************ "We don't like their sound, and guitar music is on the way out." Decca Recording Co. rejecting the Beatles, 1962. ************ "Heavier-than-air flying machines are impossible." Lord Kelvin, president, Royal Society, 1895. ************ "If I had thought about it, I wouldn't have done the experiment. The literature was full of examples that said you can't do this." Spencer Silver on the work that led to the unique adhesives for 3-M "Post-It" Notepads. ************ "So we went to Atari and said, 'Hey, we've got this amazing thing, even built with some of your parts, and what do you think about funding us? Or we'll give it to you. We just want to do it. Pay our salary, we'll come work for you.' And they said, 'No.' So then we went to Hewlett-Packard, and they said, 'Hey, we don't need you. You haven't got through college yet.'" Apple Computer Inc. founder Steve Jobs on attempts to get Atari and HP interested in his and Steve Wozniak's personal computer. ************ "Professor Goddard does not know the relation between action and reaction and the need to have something better than a vacuum against which to react. He seems to lack the basic knowledge ladled out daily in high schools." 1921 New York Times editorial about Robert Goddard's revolutionary rocket work. ************ "Drill for oil? You mean drill into the ground to try and find oil? You're crazy." Drillers who Edwin L. Drake tried to enlist to his project to drill for oil in 1859. ************ "Stocks have reached what looks like a permanently high plateau." Irving Fisher, Professor of Economics, Yale University, 1929. ************ "Airplanes are interesting toys but of no military value." Marechal Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre. ************ "Everything that can be invented has been invented." Charles H. Duell, Commissioner, U.S. Office of Patents, 1899. ************ "Louis Pasteur's theory of germs is ridiculous fiction". Pierre Pachet, Professor of Physiology at Toulouse, 1872 ************ "The abdomen, the chest, and the brain will forever be shut from the intrusion of the wise and humane surgeon". Sir John Eric Ericksen, British surgeon, appointed Surgeon-Extraordinary to Queen Victoria 1873. ************ Afterthought: This [politics] would be a helluva good business if it wasn't for the goddamned people. Richard Nixon P.S. From marine artist Gordon Frickers I dialed a number and got the following recording: "I am not available right now, but thank you for caring enough to call. I am making some changes in my life. Please leave a message after the beep. If I do not return your call, you are one of the changes." At pilots training back in the Air Corps they taught us, "Always try to keep the number of landings you make equal to the number of take offs you make." Aspire to inspire before you expire. My wife and I had words, but I didn't get to use mine. ~~~~~ Frustration is trying to find your glasses without your glasses. ~~~~~ Blessed are those who can give without remembering and take without forgetting. The irony of life is that, by the time you're old enough to know your way around, you're not going anywhere. ~~~~~ God made man before woman so as to give him time to think of an answer for her first question. I was always taught to respect my elders,but it keeps getting harder to find one. Every morning is the dawn of a new error BOW WAVE is published each week to over 13 200 Readers in the transport,insurance,shipping and finance industries. Thanks for reading BOW WAVE | Sponsors: Links: | |||||||||||||||||
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