I had the opportunity to attend Marine Money Week in New York last week, the industry’s premier trade show for all things related to ship finance. The underlying theme for this year’s conference was capital restructuring and the role that private equity may play. The brutal freight market over the past several years has left shipping companies struggling to meet … [Read more...]
Event Watch: The World’s Top Annual Shipping Conference
On Monday, March 18, 2013 at the Hilton Hotel in Stamford CT, a remarkable insight into the immediate and near term future of the international shipping industry will be laid bare, debated and critical approaches explored by the heads of the industry's largest trade association heads representing 1000's of private and public shipowners, operators and charterers. Commencing … [Read more...]
Shipping is Akin to 3D Poker
Dr. Martin Stopford of Clarkson Research Services, economist and author of the renowned textbook Maritime Economics, compares shipping to a game of 3D poker. “Like poker,” he claims, “the shipping market has simple rules, but in practice is endlessly complex.” At Marine Money Week 2012 in New York City, Stopford guided investors through the past few … [Read more...]
From Boom to Bust and Back, Charles Fabrikant Discusses the Modern Shipping Industry
Charles Fabrikant, Executive Chairman of Seacor Holdings discusses the ups and downs of the shipping industry during the past 40 years at Marine Money 2012 in New York City. Many would say that one of the lessons of history is we do not learn. The opposite view, however, is that put forward by a friend with whom I recently had dinner. I asked what accounted for his … [Read more...]