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London calling. London calling.
…. more education about shipping is key to attract investor appetite in London.
Marine Money returned to London after a long absence to host a wonderful 1st annual conference on 21st January 2010. This was the first of 14 Marine Money conferences for 2010 and we got off to a cracking start. Over 180 delegates and speakers attended with about one third coming from overseas.
The day started with a keynote address from Mr. Alderman and Sherriff David Wootton of the City of London whose role, led by the Lord Mayor, is to promote the UK-based financial and business services sector, regardless of ownership and wherever in the UK. Mr. Wootton stressed the continued importance of shipping to the City of London, and indeed the City of London to shipping. He reminded us that, in the City of London, there are some 400 shipbroking firms and these firms (and their offices overseas) are responsible for about 50% of global S&P transactions, 50% of tanker chartering and over 30% of dry bulk chartering. Additionally UK banks organize about 13% of all shipping finance, London accounts for about 63% of P&I insurance and 17% of hull insurance and of course the English legal system remains forefront in most shipping contracts and litigation. Why did we not return to London earlier ?
This is only an excerpt of London calling. London calling.
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Tags: · Albert Stein, AlixPartners, Andreas Povlson, Andrew Hampson, Baltic Exchange, Bart Veldhuizen, Blank Rome LLP, Bocimar International, Brian Devine, Chris Randall, Citibank, City of London, Clarksons Investment Services, Clarksons Research Services, DnB NOR Markets, DVB Bank, Einar Wold, Elizabeth Parrott, Erik Helberg, Ferdinand Knapp, First Ship Lease (Switzerland) AG, Frank Dunne, Freight Derivatives Desk of Clarksons Securities Ltd, Hamish Norton, Holman Fenwick Willan, HSBC Bank plc, HSBC plc, James Lawrence, Jan Morten Eskilt, Jean Richards, Jefferies & Co., Jeremy Penn, John Forrester, Kaptanoglu Holdings, Keith McRae, Lloyds Banking Group, London Stock Exchange, Marine Money, Martin Stopford, MB Finance, Michael Saverys, Michel Bourgery, Moore Stephens, Mr. Alderman, Nigel Anton, Norton Rose LLP, OSM Group Ltd, Pratyush Chatravarty, Randee Day, RBS, Richard Blood, Robin Byde, Robin Perkin, Ronald Dal Bello, RS Platou Markets, Sadan Kaptanoglu, SafeShip Investment Company, Seabury Advisors, SecondWind Shipping Limited, Sherriff David Wootton, Simon Deefholts, Standard Chartered Bank, Stergios Souyoutzoglou, TMU Capital, Tufton Oceanic, Vassilis Karakoulakis, Watson Farley & Williams
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